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March 29, 2015 3:58 PM ET

Capital Markets

Company Overview of Sterne Agee Group, Inc.

Company Overview

Sterne Agee Group, Inc., through its subsidiaries, provides retail and institutional brokerage services, investment banking and underwriting services, secondary trading of securities, and market making in over-the-counter stocks. It provides fixed income products and services, including U.S. agency debt, asset-backed securities, corporate industrial research, treasury securities, mortgage-backed securities, municipal debt, research and analytics, bank-owned life insurance, investment-grade research, and high-yield research, as well as corporate debt, including convertibles, preferred, and high yields. The company also provides financial services, including stocks, bonds, fixed income securit...

800 Shades Creek Parkway

Suite 700

Birmingham, AL 35209

United States

Founded in 1996

Phone:

205-949-3500

Fax:

205-949-3607

Key Executives for Sterne Agee Group, Inc.

Chief Executive Officer, President and Director
Age: 46
Chief Operating Officer, Chief Financial Officer and Corporate Secretary
Head of Private Banking
Senior Managing Director of Private Client Group
Senior Managing Director and Head of Public Finance
Compensation as of Fiscal Year 2014.

Sterne Agee Group, Inc. Key Developments

Brian Barze, the Former CFO, Sues Sterne Agee Group Inc

The former chief financial officer of Sterne Agee Group Inc. has filed another lawsuit against his former employer. Brian Barze, who worked at the company from 2009 until 2012, is accusing Sterne Agee of libel and defamation in connection with a 2013 press release the company issued about his termination. Sterne Agee, which announced its acquisition by Stifel Financial in a $150 million deal, said in the press release that Barze was terminated for a 'breach of fiduciary duty,' among other claims. In the lawsuit, Barze claims Sterne Agee's statements about the reasons for his dismissal were false, malicious and intended to 'cover up the company's own wrongdoing and conceal it from the shareholders.' Barze has claimed he was terminated after raising questions about former CEO James Holbrook Jr.'s use of company funds. Barze said the situation has caused damage, including mental anguish. He is seeking compensatory and punitive damages, as well as interest and costs. Barze also claimed he has demanded a retraction, but the company has refused. He previously sued the company for defamation, fraud and breach of contract following his dismissal. That suit is still ongoing.

Stifel Considers Strategic Options For Sterne's Institutional Equity and Investment Banking Business

Stifel Financial Corp. (NYSE:SF) said it plans to acquire Sterne Agee Group, Inc. for $150 million in cash and stock, bolstering its wealth management segment. Meanwhile, Stifel and Sterne Agee have agreed to sell the FBC Mortgage business back to its founders and committed to operating Sterne Agee’s institutional equity and investment banking business on a stand-alone, independent basis. Stifel and Sterne Agee management believe that there is significant value in this business and have been approached by a number of suitable partners for the business and its professionals. Working together with these employees, Stifel is committed to finding the right partner, or, alternatively, considering all other strategic alternatives, including spinning off the Institutional Equity and Investment Banking business as a separate stand-alone entity.

Sterne Agee Group, Inc. Announces Executive Changes

Sterne Agee Group, Inc. named Eric Dusansky to manage its London office and equity division and Greg Croll to head its fixed income business also in London. Dusansky, senior managing director, relocated to London from New York, where he helped to establish Sterne Agee's presence after joining the company in 2007. Croll joins Sterne Agee from the London office of Imperial Capital and has more than two decades of experience in global high yield and special situations. With the appointment of much of the London leadership team, Yorvik Partners LLP founding partner Simon Mullaly will retire from the company. Mullaly was appointed head of international credit for Europe, the Middle East and Africa and Asia following Sterne Agee's 2013 acquisition of Yorvik Partners, which was renamed Sterne Agee UK LLP.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 13, 2015
Sterne Agee Group, Inc., Institutional Equity Business
Merger/Acquisition
February 23, 2015
--
Merger/Acquisition
February 23, 2015
FBC Mortgage, LLC
 

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