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Stifel Nicolaus Weisel, an investment banking firm in St. Louis, has jumped to third from sixth place among bank deal advisors this year.
October 15 -
D.A. Davidson, a Portland, Ore., investment bank has recruited two bank M&A advisors in Chicago, Stephen Nelson and Eugene Katz, from rival Hovde Financial.
September 18 -
RBC Capital Markets recently added two bankers to its financial institutions practice.
July 6 -
Stifel CEO Ronald Kruszewski and KBW CEO Thomas Michaud discuss how the two investment banks complement each other and give their outlook on bank M&A.
November 9
Sterne, Agee & Leach timed a big new hire perfectly.
Daryle DiLascia quietly joined Sterne Agee on Nov. 7, just two days after his former employer, Keefe, Bruyette & Woods (KBW),
Though DiLascia says his departure from KBW was unrelated to the sale — he left KBW in July after 16 years there, joining Sterne Agee after a four-month noncompete agreement expired — he says that
"There's a terrific market opportunity over the next several months" to hire from smaller firms, he says. "The merger of Keefe and Stifel is one component of that. Boutiques don't have the scale, and there are a lot of firms in retreat."
Sterne Agee hired DiLascia to focus on small and midsize banks. "They are very capable with fixed-income and balance-sheet management," DiLascia says of Sterne Agee.
"We're going to try and marry that with a stronger focus on capital and strategic alternatives … and hopefully recruit some talented folks," says DiLascia, who will continue to work from New York. "Sterne Agee has a terrific platform and business momentum. It reminds me of when I joined KBW."
