Fox-Pitt ponders market listing

Investment bank Fox-Pitt Kelton is thought to be considering listing on the stock market later this year, in a transaction that could net millions of pounds for its management. The group, headed by chief executive Giles Fitzpatrick, is thought to be keen to list the firm on London markets in a move that would also net giant gains for JC Flowers, the private equity firm that led a buyout of the group from reinsurer Swiss Re in 2006.