Company Overview of Sterne Agee, LLC
Sterne Agee, LLC operates as a securities broker/dealer. It engages in various classes of businesses, including principal transactions, agency transactions, and investment banking and advisory services. Sterne Agee, LLC was formerly known as Sterne Agee Group, Inc. and changed its name to Sterne Agee, LLC in June 2015. The company was founded in 1901 and is based in Birmingham, Alabama. As of June 5, 2015, Sterne Agee, LLC operates as a subsidiary of Stifel Financial Corp.
800 Shades Creek Parkway
Birmingham, AL 35209
Founded in 1901
Key Executives for Sterne Agee, LLC
Co-Head - New York and Chairman of the Board of Directors
Chief Operating Officer, Chief Financial Officer and Corporate Secretary
Senior Vice President of Public Finance
Managing Director and Head Underwriter - New York
Compensation as of Fiscal Year 2016.
Sterne Agee, LLC Key Developments
Brian Barze, the Former CFO, Sues Sterne Agee Group Inc
Mar 5 15
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
Feb 24 15
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.
Stifel Financial Reportedly In Talks To Acquire Sterne Agee
Feb 20 15
Stifel Financial Corp. (NYSE:SF) is in talks regarding acquisition of Sterne Agee Group, Inc., a person with direct knowledge of the matter said. A deal is expected to be announced within days, said the person.
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