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Stephens Inc. Hires 5 From Sterne Agee

2 min read

Stephens Inc. of Little Rock said Friday that it will hire five managing directors from the Depository Investment Banking Group of Sterne Agee.

The move comes in the wake of Stifel Financial Corp.’s purchase of Sterne Agee Group Inc.’s Wealth Management and Fixed Income groups and the sale of Sterne Agee’s Institutional Equities and Research business to CRT Capital Group.

“Today’s announcement is a continuation of our commitment to find the professionals in Sterne Agee’s Investment Banking group a home so they can continue their careers,” Ronald J. Kruszewski, chairman and CEO of Stifel, said in a news release. “We’ve again accomplished our goal of bringing individuals and companies together as a result of our announced acquisition of certain businesses of Sterne Agee.”

Joining Stephens’ Financial Institutions Group are:

  • Brian D. Branson, managing director – Atlanta
  • James F. Hemmer, managing director – Chicago
  • Jeffrey D. Jones, managing director – Chicago
  • Kade N. Machen, managing director – Dallas
  • Scott W. Studwell, managing director, Capital Markets – New York

“These appointments are a strategic fit, exemplary of the professional expertise and talent that we have prudently built our investment banking offering around,” Warren Stephens, chairman, president and CEO of Stephens, said in a news release. “We welcome them to Stephens and look forward to their contributions to growth and client success. 

Stifel Financial Corp. of St. Louis is a financial services holding company that conducts its banking, securities and financial services business through several wholly owned subsidiaries. Sterne Agee is one of the oldest and largest privately owned financial services firms in the country. 

Stephens Inc. is a full service, privately held investment banking firm.

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