Stifel Financial Corp. Announces Board Changes, Effective June 6, 2017
April 28, 2017 at 06:29 pm EDT
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Stifel Financial Corp. announced that the resignations of directors. Effective June 6, 2017, the resignations of directors are Richard Himelfarb, chairman of investment banking; Thomas Michaud, president and CEO of Keefe, Bruyette & Woods; Thomas Mulroy and Victor Nesi, co-presidents and co-directors of the Institutional Group; Ben Plotkin, vice chairman; and James Zemlyak, co-president and CFO. All will remain in their other executive positions. Ron Kruszewski and Thomas Weisel, co-chairmen of Stifel, will remain on the board. Beda will retire from the board effective June 6, 2017, the date of the company's annual meeting.
Stifel Financial Corp. is a financial holding company. The Company's principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a full-service retail and institutional wealth management and investment banking company. Its segment includes Global Wealth Management, Institutional Group, and others. Its Global Wealth Management segment consists of two businesses, the Private Client Group and Stifel Bancorp. The Private Client Group provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance, as well as offering banking products to its private clients through its bank subsidiaries, which provide residential, consumer, commercial lending, and FDIC-insured deposit accounts to customers. The Institutional Group segment includes institutional sales and trading. The Other segment includes interest income from stock borrow activities, unallocated interest expense, interest income and gains and losses from investments.
STIFEL FINANCIAL CORP. 
