Fox-Pitt to Expand, Perhaps Hire

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The financier backing the management buyout of Fox-Pitt Kelton from Swiss Re says he wants to help the financial services broker expand into other areas. Watch this space for recruitment.

Christopher Flowers wants the newly independent Fox-Pitt to try its hand at asset management, fixed income, equity derivatives and private equity, Reuters reported.

The company currently offers only corporate finance and brokerage services, and will almost certainly need to hire to facilitate its expansion.

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