Keefe, Bruyette & Woods has added Steve DiTursi to its corporate bond trading desk as it looks to grow its fixed-income business, according to Craig Coats, co-head of fixed-income. DiTursi will trade utilities and industrials. He joins from RW Pressprich & Co., where he was the head of corporate bond trading. He declined comment. RW Pressprich's plans to replace DiTursi could not be determined. A call to Ed Rappa, the firm's chairman, was not returned.
Coats says Keefe hopes to make several more sales hires for offices in San Francisco, Boston, Chicago, New York and London. "There's a lot of talent around. The bigger shops are cutting back. They're not committing as much capital as they have from a trading perspective and that creates opportunities," he says. KBW is open to making hires in mortgage, government and agency sales and is looking for corporate salespeople with experience in the banking, financial products and insurance sectors, Coats says. "Whether it's five or 10 or 25 we're looking for good quality producers and good people with a strong middle market account base. We have no set number."