ST. LOUIS, MO--(Marketwired - March 13, 2015) - Stifel Financial Corp. (
"When we announced our merger with Sterne Agee last month, an important goal of ours was to preserve Sterne Agee's Equities Business as an intact group. We, together with Sterne Agee's management, were committed to finding the right partner, and are very pleased that we have accomplished this goal of keeping approximately 170 professionals together so they can continue their careers as a team. At Stifel, our focus is on the individuals who collectively comprise an organization. We believe this philosophy will enable us to continue to build the preeminent wealth management and investment banking firm," stated Ronald J. Kruszewski, Chairman and CEO of Stifel.
Eric Needleman, Chairman and CEO of Sterne Agee Group, commented, "When we announced our merger with Stifel the time was right to join together to ensure we maximized shareholder value, but not at the expense of our employees. Today's announcement of the transaction with CRT accomplishes that objective."
Stifel Company Information
Stifel Financial Corp. (
About Sterne Agee
Founded in 1901, Sterne Agee is one of the oldest and largest privately owned financial services firms in the nation. Through a team of over 2,000 financial professionals, Sterne Agee offers comprehensive wealth management and investment services to a diverse client base including corporations, municipalities and individual investors. The Firm custodies nearly $26 billion in client assets and has offices nationwide, as well as an office in London. Sterne Agee is the trade name used by certain affiliates of Sterne Agee Group, Inc., including Sterne, Agee & Leach, Inc., member of NYSE, FINRA and SIPC. For more information about Sterne Agee and its services please visit www.sterneagee.com.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release that relate to the future plans, events, expectations, performance, objectives, and the like of Stifel Financial Corp., as well as Stifel, Nicolaus & Company, Incorporated and its other subsidiaries (collectively, "Stifel" or the "Company") and Sterne Agee Group, Inc. ("Sterne Agee"), may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Future events, risks, and uncertainties, individually or in the aggregate, could cause our actual results to differ materially from those expressed or implied in these forward-looking statements.
Contact Information:
Stifel Investor Relations Contact
Sarah Anderson
(415) 364-2500
investorrelations@stifel.com
Sterne Agee Contact
Todd R. Decker
(205) 949-3538
tdecker@sterneagee.com