Stifel Expands SBA Trading Capabilities With Addition of Industry-Leading SBA 7(a) Trading Team
September 29 2023 - 8:30AM
Stifel Financial Corp. (NYSE: SF) today announced the growth of its
Small Business Administration (SBA) trading capabilities by
welcoming industry veterans Craig Cline and Christopher Dean,
formerly of FHN Financial, to lead its SBA 7(a) and Government
Guaranteed Loan trading business. They will co-head the group and
be based in the firm’s Houston, Texas, office.
The 7(a) is the SBA’s primary business loan program for
providing financial assistance to small businesses, and there is a
robust secondary market for lenders that wish to sell the
guaranteed portion of the loan to investors.
“We are thrilled to welcome Craig and Chris to the team,” said
Eric Needleman, Global Head of Fixed Income Capital Markets at
Stifel. “Their arrival demonstrates our continued commitment to
invest in resources that provide best-in-class services to meet the
evolving needs of our core and expanding client base.”
Messrs. Cline and Dean ran the SBA desk at FHN Financial for the
last six years, in which time they established themselves as
leading traders in the sector. They managed the firm’s loan,
security, and interest-only products, and were instrumental in the
development of prepayment models and research.
“These hires allow us to significantly scale our existing SBA
7(a) platform to best serve the SBA and our core fixed income
investors in this space,” said Brant McDuffie, Deputy Co-Head of
Fixed Income Capital Markets at Stifel. “The expansion of the
SBA 7(a) program will also complement our recently announced
underwriter roles for the SBA’s SBAP and SBIC debenture
programs.”
Earlier this year, Stifel launched its Agency Structured
Products Group, with the arrival of a former Credit Suisse team
comprised of Russell McKay, Karen Cady, Kavitha Vignarajah, and
Serif Ustun. That group is a lead manager of the SBA’s SBAP
debenture program, and in September, Stifel joined Goldman Sachs
and JP Morgan as lead underwriters for the SBA’s SBIC debenture
program.
“Craig and Chris bring an unmatched level of experience and
energy to the SBA 7(a) and Government Guaranteed Loan trading
space,” added Grant Robicheaux, Head of Rates Trading at Stifel.
“We look forward to expanding our distribution of the high-quality
assets our clients demand.”
Stifel’s Fixed Income Capital Markets Group offers a suite of
products and services geared to help depositary institutions,
funds, insurance companies, money managers, state and local
governments, and other financial institutions in North America,
Europe, and Asia generate revenue, preserve wealth, and ultimately
grow their businesses. The group’s broad distribution platform
includes more than 270 sales professionals. In 2022, Stifel Fixed
Income Research placed No. 5 in Institutional Investor’s U.S.
Global Fixed Income Research Team Survey.
Stifel Company
InformationStifel Financial Corp. (NYSE: SF) is a
financial services holding company headquartered in St. Louis,
Missouri, that conducts its banking, securities, and financial
services business through several wholly owned subsidiaries.
Stifel’s broker-dealer clients are served in the United States
through Stifel, Nicolaus & Company, Incorporated, including its
Eaton Partners business division; Keefe, Bruyette & Woods,
Inc.; Miller Buckfire & Co., LLC; and Stifel Independent
Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and
in the United Kingdom and Europe through Stifel Nicolaus Europe
Limited. The Company’s broker-dealer affiliates provide securities
brokerage, investment banking, trading, investment advisory, and
related financial services to individual investors, professional
money managers, businesses, and municipalities. Stifel Bank and
Stifel Bank & Trust offer a full range of consumer and
commercial lending solutions. Stifel Trust Company, N.A. and Stifel
Trust Company Delaware, N.A. offer trust and related services. To
learn more about Stifel, please visit the Company’s website at
www.stifel.com. For global disclosures, please visit
https://www.stifel.com/investor-relations/press-releases.
Media Contact:Neil Shapiro, +1 (212)
271-3447shapiron@stifel.com
Investor Relations ContactJoel Jeffrey, +1 (212)
271-3610investorrelations@stifel.com
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