Stifel Completes Acquisition and Hiring of the Institutional Fixed Income
Brokerage Business From Knight
ST. LOUIS, MO -- (Marketwired) -- 07/01/13 -- 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
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
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.
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