Keefe, Bruyette & Woods, the US financial services brokerage and investment banking boutique, has hired three bankers from rival Fox-Pitt, Kelton.

Peter Roth joined Fox-Pitt, Kelton in 1987 and was head of investment banking, Americas. He will be head of Keefe's insurance banking investment team. He has experience of mergers and acquisitions (M&A), equity and equity-linked products and origination of structured products for US financial institutions.

Keefe poaches three bankers from rival brokerage

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The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

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Mark Zuckerberg wooed another elite researcher with a pay package in the tens of millions.

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