Stifel Europe Completes Acquisition of MainFirst

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LONDON, Nov. 01, 2019 (GLOBE NEWSWIRE) -- Stifel Nicolaus Europe Limited (“Stifel Europe”), a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), today announced the completion of its previously announced merger with MainFirst Bank AG, an independent European investment bank offering equity brokerage and equity capital markets services to institutions and corporations in key European markets.

“We are excited to welcome the team from MainFirst to Stifel, as this combination represents an important driver of our overall growth strategy,” said Eithne O’Leary, President of Stifel Europe. “Our Pan-European platform will deliver superior capabilities and meaningful reach across the continent, with our combined business offering equity research coverage of more than 700 European companies. In addition, we are well-positioned to offer clients uninterrupted advisory, brokerage, and investment banking services together with clearance and settlement of secondary equity and fixed income trades, post-Brexit.”

MainFirst is widely recognized for excellence in equity research, ranking as the number one provider of country research in Germany and second in Switzerland, according to the 2019 Extel Survey. MainFirst also adds significant capital raising capabilities to Stifel’s already robust equity issuance business. Last year, Stifel ranked as the fourth largest fundraiser on the London Stock Exchange, based on both number (30) and overall value (1.9 billion pounds) of deals. Stifel maintains market-leading positions in several European sectors including Real Estate, Investment Funds, Oil & Gas, and Technology, along with powerful Trans-Atlantic franchises in Heathcare and Financial Services (branded as KBW).

“Today is a remarkable day for our firm,” noted Ebrahim Attarzadeh, CEO and Head of Equities at MainFirst. “We share the same passion as the Stifel team for serving European corporates and investors. Not only is joining Stifel a good cultural fit, but it also enables us to expand further into corporate finance and become even more relevant to clients with greater capabilities to serve both sides of the balance sheet.”

The combined entity will employ more than 400 professionals, operating out of nine offices in Frankfurt, Geneva, London, Madrid, Milan, Munich, New York, Paris, and Zurich.

Marc Marrero, +44 (0) 207 710 7734

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Globe Newswire: 11:00 GMT Friday 1st November 2019

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