ST. LOUIS, MO and LONDON, UNITED KINGDOM--(Marketwired - May 8, 2014) - Stifel Financial Corp. (
The combination of Stifel and Oriel will bring together more than 250 professionals to create a significant middle-market investment banking group in London, with broad research coverage across most sectors of the economy, equity and debt sales and trading, and investment banking services. These enhanced capabilities will assist the companies in executing client-driven, cross-border transactions. The combined company will continue to operate KBW as a separate company for financial institutions, which completely complements Oriel's capabilities. The equity sales and trading platforms of both Stifel and Oriel will be augmented by the institutional fixed income sales and trading business Stifel acquired from Knight Capital Group last year.
Ronald J. Kruszewski, Chairman, President & CEO of Stifel, said, "We are extremely pleased to partner with Oriel to grow our business internationally. This acquisition will significantly expand Stifel's depth, expertise, and reach in London, a vital global financial center. We look forward to working with our new colleagues to support our clients and capitalize on the opportunities that this transaction will create."
Simon Bragg, Oriel's founder and Chief Executive, added, "Stifel is the perfect partner for Oriel. Its scale and expertise will enable our firm to expand the breadth of our services to clients and will give our clients access to the U.S. market. We are excited about the opportunities being part of Stifel will bring."
Senior leadership from Oriel has executed continuation agreements in support of the merger. Simon Bragg will be Chairman & CEO of Stifel's European operations. The acquisition is subject to FCA clearance. Terms of the transaction were not disclosed. Closing is expected to be in the third quarter of 2014.
Stifel Company Information
Stifel Financial Corp. (
About Oriel
Oriel is an established leading corporate and institutional stockbroking and advisory firm with an excellent reputation and a proven track record across the UK market. It is an employee-owned company with a partnership culture and an equity participation model and is dedicated to delivering the very best to clients by offering superior, independent advice, the very best in ideas, and stability and continuity of service.
Contact Information:
Stifel Investor Relations Contact
Sarah Anderson
(415) 364-2500
Oriel Securities Contact
Simon Bragg
44 (20) 7710-7600
Oriel Securities Media Contact
Neil Bennett
44 (20) 7379-5151
Daniel Yea