Stifel Financial Hires Cowen's Declan Quirke to Head Health-Care Banking

Stifel Financial Corp., the brokerage that bought Thomas Weisel Partners Group Inc. in July, hired Cowen Group Inc.’s head of health-care banking.

Declan Quirke joined St. Louis-based Stifel this month after nine years at New York-based Cowen, according to Financial Industry Regulatory Authority data. He is based in New York, Finra data show.

Stifel ranks 54th among merger and acquisition advisers this year and 51st for underwriting U.S. debt, according to data compiled by Bloomberg. Cowen is tied for 195th for mergers and wasn’t ranked for debt. Cowen shares have plunged 42 percent in 2010, while Stifel has fallen 21 percent.

Quirke was asked to leave Cowen, said Dan Gagnier, a spokesman for the company at Sard Verbinnen & Co., a public- relations firm. Sarah Anderson, a spokeswoman for Stifel in San Francisco, wouldn’t comment. Quirke and Stifel Chairman and Chief Executive Officer Ron Kruszewski didn’t return phone messages left at their offices.

Stifel’s hire follows its purchase this year of San Francisco-based Thomas Weisel to expand investment banking. The deal will help Stifel add clients in the technology and health- care industries, the firm said.

Quirke was named head of health-care investment banking at Cowen earlier this year, according to a March 4 statement from the firm. He joined the company from Robertson Stephens in 2001 as a managing director and head of health care mergers and acquisitions, according to a statement in May of that year.

Cowen, the company bought by Ramius LLC last year, said yesterday that it promoted Jeffrey Solomon to head of investment banking and Kevin Reynolds to head of capital markets.

To contact the reporters on this story: Jeff Kearns in New York at jkearns3@bloomberg.net; Sasha Damouni in New York at Sdamouni2@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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