Richard A. Herr

RICHARD A. HERR joined Keefe, Bruyette & Woods in June 2002 and is
currently a Vice President, responsible for equity research coverage of
the brokerage and trade execution sectors. He is based in the firm’s New
York headquarters. Prior to joining KBW, he was an Associate Equity
Research Analyst at First Union Securities, assisting in the coverage of
banks, brokerage and specialty finance companies. Mr. Herr began his
career as a Junior Research and Investment Strategy Associate for the
Bank of New York & Co. He holds a Bachelor of Arts degree in Economics
from Fordham University in New York.