Keefe, Bruyette & Woods (KBW), an investment bank that specializes in the financial services sector, is expanding its real estate business with two new hires in its real estate investment banking group. Andrew Dietz has already joined KBW as managing director, and Simon Leopold will also serve as a managing director, effective in January. Both will work out of the New York office. Dietz is responsible for the firm’s real estate private equity placement business. Prior to KBW, he was a founder and senior member of Eastdil Secured’s private equity capital raising team, completing more than $10 billion of equity raises for private and public real estate clients. Leopold comes from nearly 12 years at Deutsche Bank where he was managing director in its real estate investment banking group. At KBW, he will be responsible for further developing and strengthening the firm’s real estate investment trust relationships and private real estate client relationships in the U.S. Write to Kerry Curry.