Brokerdealer.com blog update profiles that Piper Jaffray Cos. has hired a few top investment bankers from a company recently sold to Stifel Financial Corp. Bloomberg reports that the Minneapolis-based investment bank hired two Boston bankers: Bob Hutchinson and Daryle DiLascia from Sterne Agee Group, the financial services firm that Stifel bought last week.
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Stifel Chief Executive Officer Ron Kruszewski bought Sterne Agee to focus on businesses such as wealth management and bond trading. He struck a deal to sell Sterne Agee’s equities business to CRT Capital Group LLC.
So, the hiring of these bankers does not come to much a surprise after taking a look at the bigger picture. Bob Hutchinson–who received an MBA from Ohio State University’s Fisher College of Business and a bachelor’s from Boston College–will lead a group dedicated to financial clients including insurers. Daryle DiLascia–who earned his MBA from Boston College and bachelor’s from Syracuse University–is joining to oversee capital markets for the same industry.
This blog update is courtesy of the Bloomberg Business’ article, “Piper Adds Investment Bankers as Stifel Deal Displaces Talent”. To read more, click here.