Stifel hires Charlie Smith as
ST. LOUIS, June 15, 2021 (GLOBE NEWSWIRE) – Stifel Financial Corp. (: SF) today announced the hiring of Charlie Smith as Managing Director of Venture and Fund Banking Group. Based in California, Mr. Smith is responsible for West Coast fund banking to venture capital and private equity funds, primarily focused on the technology and life sciences industries.
“We are delighted to welcome Charlie to our team as we actively expand our national footprint,” said Brad Ellis, head of venture capital and fund banking at Stifel. “Mike Breaux has done a tremendous job growing our fund banking business over the past three years and getting us to this important point. We are now able to complement Stifel’s well-established West Coast investment banking team with on-the-ground fund banking capabilities designed specifically for the venture capital and private equity communities. This is a key initiative for us, and we plan to make additional investments and hires in the coming months. “
Mr. Smith brings more than two decades of experience in finance, primarily in the area of asset management. He joins Stifel from City National Bank, where he was Senior Vice President in the company’s Structured Finance group. In this role, Mr. Smith developed and maintained global banking relationships with private equity firms and their affiliates. Previously, he was senior vice president of the specialty finance group of private bank Wells Fargo, specializing in general partner financing of private equity firms. He holds an MBA from the Simon School of Business at the University of Rochester and a Bachelor of Science from the Marshall School of Business at the University of Southern California. He also holds a CFA charter.
“I am delighted to join the Stifel platform,” commented Mr. Smith. “Having the opportunity to tap into the larger Stifel network is a game-changer. We are able to offer our clients one-stop solutions, including direct and bank loans for holding companies, traditional investment banking, fund placement, fund financing and corporate lending. Management.
Stifel’s Venture and Fund Banking group was launched in 2018 and provides debt financing and commercial banking solutions to entrepreneurs, investors and their businesses. With national coverage capacities, the group produced $ 2.5 billion in loan commitments and more than $ 1 billion in deposits in less than three years. The Group targets early stage startups through mature growth companies and offers broad fund banking products such as call credit / capital subscription lines of over $ 100 million, management tools cash flow and high-level relationship management with a single point of contact.
“Venture capital and fund banking is not only an attractive loan and deposit growth vehicle for us, but it is also very complementary to the other activities of the Stifel platform,” said Chris Reichert, CEO of Stifel Bank. & Trust. “We are incredibly pleased with our success to date and look forward to Charlie’s contributions to the West Coast. “
Stifel Company Information
Stifel Financial Corp. (: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities and financial services business through several wholly owned subsidiaries. Stifel’s broker clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its business division Eaton Partners; Keefe, Bruyette & Woods, Inc .; Miller Buckfire & Co., LLC and Stifel Independent Advisors, LLC. The Company’s affiliated brokers provide securities brokerage, investment banking, trading, investment advisory and related financial services to individual investors, professional fund managers, businesses and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and business credit solutions. Stifel Trust Company, NA and Stifel Trust Company Delaware, NA provide trust and related services. To learn more about Stifel, please visit the company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.
Neil Shapiro, (212) 271-3447
Jeff Preis, (212) 271-3749