KBW Inc. said Tuesday that it has formed a real estate investment advisory group and hired three investment bankers from Wachovia Securities LLC to staff it.
KBW, which launched research coverage and trading of real estate investment trust securities last year, said it promoted John Dalena to head the new group, which will focus on public and private real estate companies within the Keefe, Bruyette & Woods Inc. investment banking subsidiary.
The former Wachovia bankers joined Monday, Michael Hawkins and Robert Woome as principals and Christopher Hanley as an associate.
