Fox-Pitt Kelton Cochran Caronia Waller · New York, NY United States
Company Description
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This link will open in a new window Everyone knows Wall Street is full of bulls and bears, but there's at least one Fox roaming the financial markets landscape. Investment bank Fox-Pitt Kelton Cochran Caronia Waller specializes in banking, insurance, and related industries. The company serves up a smorgasbord of products and services, including equity brokerage and trading, capital markets services, and mergers and acquisitions advice. It also conducts equity research on more than 400 financial services companies around the globe. Its clients include pension funds, mutual fund managers, insurance firms, bank investment departments, hedge funds, and private client asset managers. Macquarie Group is buying Fox-Pitt Kelton Cochran Caronia Waller. To read the full description, subscribe now.
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Key Fox-Pitt Kelton Cochran Caronia Waller Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 153 |
Fox-Pitt Kelton Cochran Caronia Waller Executives
25 executives listed for Fox-Pitt Kelton Cochran Caronia Waller's New York, NY location.
| Title | Name & Bio | Contact |
| Co-Chairman | George Cochran | Network |
| Co-Chairman | Leonard Caronia | Network |
| CEO | Giles Fitzpatrick | Network |
Competition
Competitive Landscape for Fox-Pitt Kelton Cochran Caronia Waller
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Fox-Pitt Kelton Cochran Caronia Waller Competitors
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