Keefe, Bruyette & Woods has hired Jacques de Saint Phalle to a senior position in the fixed-income group, according to several fixed-income officials familiar with the situation. He joins from Bear Stearns where he was a managing director and head of high-grade syndicate. The hire is part of Keefe, Bruyette's effort to rebuild its fixed-income operation after it was devastated by the Sept. 11 attacks. The firm recently hiredKevin Meenan and Jim Cahill, as co-heads of fixed income, and has made new research hires as well.
De Saint Phalle could not be reached and Meenan and Cahill were not immediately available for comment, nor was Kelley Millet, head of investment-grade fixed-income at Bear Stearns. De Saint Phalle has not yet been replaced, says a Bear Stearns official.