September 22, 2014 6:53 AM 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
Age: 46
Chief Operating Officer
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

Sterne Agee Announces New Managing Directors in Financial Institutions Group

Sterne Agee announced the hire of five new managing directors in their Investment Banking Division. Alex Alden and Michael Marinaccio, both hired in 2013, are joined by Matthew Clark, James Murray, and Jeffrey Jones in Sterne Agee's Investment Banking division. James Murray joined Sterne Agee as an investment banker in the firm's Financial Institutions Group. Mr. Murray brings extensive experience in advising banks, non-bank lenders, and other financial services companies, having participated in numerous public and private financings and strategic advisory engagements for publicly traded and privately held clients. Prior to joining Sterne Agee, Mr. Murray spent three years as a Managing Director with Freeman & Co., an investment banking firm that specializes exclusively in financial services. Jeffrey D. Jones joined Sterne Agee as the Midwest Head of Depository Investment Banking. Based in the firm's Chicago office, he is responsible for providing merger and acquisition, capital raising, and strategic planning advice for banks and thrifts. Prior to joining Sterne Agee, Mr. Jones spent eleven years in the Investment Banking Group at Sandler O'Neill & Partners, L.P. and three years in the Investment Banking Group at Lehman Brothers with a focus on financial institutions. Matthew Clark joined Sterne Agee as a Managing Director in Equity Research focusing on community and regional banks on the West Coast, an industry that he has covered for much of his career. Mr. Clark held similar positions with Credit Suisse, Keefe, Bruyette and Woods, and Deutsche Bank Securities. He was also an associate at CIBC World Markets and a Senior Associate at Arthur Andersen LLP. Mr. Clark earned a Bachelor of Science in Finance from Lehigh University.

Jim Holbrook and William Holbrook Resign from Sterne Agee's Board of Directors

Sterne Agee's former chairman and CEO Jim Holbrook Jr. and chief operating officer William Holbrook both resigned from the company's board of directors on July 2, 2014.

Sterne Agee Group, Inc. Announces Management Changes

Sterne Agee confirmed that it has named a new executive leadership team after the dismissal of several executives in a major leadership overhaul. The board of Sterne Agee's holding company has appointed several new executives. The board did not shed any light on the exit of former CEO James Holbrook Jr. or any additional details about other reported executive dismissals. Eric Needleman, who currently works in the company's New York office, has been named chairman of Sterne Agee Group and CEO of Sterne Agee & Leach Inc. He joined the company in 2009 and has served as the firm's head of fixed income. The board did not specify if he would be relocating to Birmingham. Linda Daniel, a 33-year veteran of the investment banking firm, has been named vice chairwoman. Henry Lynn, Jr., one of the longest serving employees, board member and former chairman will continue as Sterne Agee's chairman emeritus. The board also appointed Sal A. 'Joe' Nunziata as CEO and president of Sterne Agee Group Inc.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2013
Sterne Agee UK LLP
 

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