NEW YORK May 18 Stifel Financial Corp (SF.N)
intends to expand asset management, stock trading and corporate
lending as the middle-market brokerage looks to gain share in a
marketplace recovering from 2008, Chief Executive Ronald
Kruszewski will tell investors Tuesday.
According to slides for an investor presentation to be
delivered in New York Tuesday morning, Kruszewski will
highlight the firm's plans to expand "traditional"
money-management, fixed-income and equities trading for big
institutional clients on both sides of the Atlantic, and to
build out a small corporate lending unit.
The recent market "dislocation creates opportunity for
market share gains," the firm says in the presentation.
St. Louis-based Stifel, which ranks seventh among
brokerages with 1,900 financial advisers, will double its
investment banking and institutional trading businesses with
the pending takeover of Thomas Weisel Partners Group Inc
(Reporting by Joseph A. Giannone, editing by Gerald E.