JERUSALEM (Reuters) - Stifel Financial Corp (SF.N) said on Tuesday it was opening an office in Tel Aviv to focus on investment banking and institutional services in Israel.
The St. Louis-based investment bank serves middle-market clients and has $350 billion in assets under management. The Israel operations will be led by veteran investment banker Alain Dobkin.
“With robust growth in both M&A and overall capital markets activity, strong middle-market characteristics, and key industry sector concentration, Israel is an excellent fit for our global investment banking platform,” said Brad Raymond, head of global investment banking at Stifel.
Reporting by Ari Rabinovitch