Stifel Completes Acquisition and Hiring of the Institutional Fixed Income Brokerage Business From Knight
July 01 2013 - 8:01AM
Marketwired
Stifel Financial Corp. (NYSE: SF) today announced the completion of
the acquisition of the U.S. institutional fixed income sales and
trading business and the hiring of the European institutional fixed
income sales and trading team from Knight Capital Group, Inc.
(NYSE: KCG).
"The addition of Knight's fixed income sales and trading
business in the U.S. and Europe is highly complementary to our
current platform. The London team expands our presence in Europe,
where we previously did not have fixed income operations, and the
U.S. team gives us a stronger domestic platform through additional
products and services. We are excited to welcome this talented
group to Stifel and for their contribution to the continued growth
of this area of the firm," said Ronald J. Kruszewski, Chairman,
President, and CEO of Stifel Financial Corp.
The combined teams comprise approximately 90 sales and trading
professionals in the U.S. and Europe, covering high-yield and
investment-grade corporate bonds, asset-backed and mortgage-backed
securities, loan trading, and emerging markets, as well as fixed
income research in selected sectors and companies.
Stifel Company Information Stifel
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 clients are served through Stifel,
Nicolaus & Company, Incorporated in the U.S., through Stifel
Nicolaus Canada Inc. in Canada, through Stifel Nicolaus Europe
Limited in the United Kingdom and Europe, and through Keefe,
Bruyette & Woods, Inc. in the U.S. and Europe. 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 & Trust offers a
full range of consumer and commercial lending solutions. Stifel
Trust Company, N.A. offers trust and related services. To learn
more about Stifel, please visit the Company's web site at
www.stifel.com.
Cautionary Note Regarding Forward-Looking
Statements The information contained in this press release
contains certain statements that may be deemed to be
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements in this release not dealing
with historical results are forward-looking and are based on
various assumptions. The forward-looking statements in this release
are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in or implied by
the statements. Material factors and assumptions could cause actual
results to differ materially from current expectations. The Company
does not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made. The Company disclaims any
intent or obligation to update these forward-looking
statements.
Investor Relations Sarah Anderson (415) 364-2500 Email
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