• Former Exotix executive Monks also joins as firm grows in U.K.
  • Stifel bolstering its emerging-market credit operations

Stifel Financial Corp., the U.S. investment bank expanding in the U.K., hired Exotix Partners LLP co-founder Andrew Chappell for a senior role in trading emerging-market bonds.

Chappell has joined the firm’s London operations along with Stephen Monks, who also worked at Exotix until last year, according to an e-mailed statement Thursday from Spencer Harman, co-head of European fixed income at St. Louis-based Stifel. At Exotix, the two helped clients buy and sell risky assets across emerging markets, from Ukrainian sovereign debt to bonds tied to non-performing North Korean bank loans.

Stifel Chief Executive Officer Ronald Kruszewski, who’s built one of the biggest U.S. securities firms outside of New York through more than two dozen acquisitions, is seeking to make more money from trading assets in developing markets while also adding to its U.K. operations. The company hired a group of emerging-market bond traders from Bank Hapoalim BM in November and announced plans to take over London broker ISM Capital LLP in February, adding to its 2014 acquisition of Oriel Securities Ltd.

“Stifel’s immediate plan is to continue to grow the dedicated EMFI team in London and to offer a premium service to institutional clients,” Harman said in the e-mail, referring to emerging-markets fixed income.

Chappell, who helped run London-based Exotix, left the firm in early 2015 as the brokerage underwent an overhaul led by majority owner and ICAP Plc CEO Michael Spencer. Monks worked at Exotix from 1999 until last August, according to his LinkedIn page.

Stifel has hired 23 workers focusing on emerging markets since November, Harman said.

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