Stifel Nicolaus Leases 76,000 Square Feet for Baltimore Capital Markets Business.ST. LOUIS -- Stifel, Nicolaus & Company, Incorporated announced today that it has entered into a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. lease at One South Street in Baltimore's central business district. The lease, which covers 76,000 square feet, is among the largest leasing transactions in downtown Baltimore Downtown Baltimore is the section of Baltimore traditionally bounded by Martin Luther King, Jr. Boulevard to the west, Mt. Royal Avenue to the north, President Street to the east and the Inner Harbor area to the south. in recent years. This space will provide a platform to house Stifel Nicolaus' extensive Baltimore operations and support the firm's growth plans. Stifel Nicolaus Stifel Nicolaus is the largest subsidiary of Stifel Financial Corp. and is a member of SIPC and listed on the New York Stock Exchange. Stifel Financial Corp. is the principal subsidiary of Stifel Financial Corp. (NYSE NYSE See: New York Stock Exchange : "SF"), which on December 1, 2005, acquired the Capital Markets business (Investment Banking, Institutional Sales & Trading, Research, and Fixed Income) of Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason , Inc. That business, headquartered in Baltimore, has occupied its former space in the Legg Mason Tower since the acquisition. Stifel Nicolaus' Investment Banking, Institutional Sales & Trading, Research, and Fixed Income Capital Markets divisions will occupy floors 15, 16, and 17 at One South Street. The firm has also leased the 30th floor, which will be the future Baltimore office of Stifel's Private Client Group. Additionally, the Stifel Nicolaus name will soon become part of the Baltimore Skyline, as the lease includes prominent building-top signage. "We are very excited about this new home for our Capital Markets Headquarters at a great location in Baltimore's financial district," said Ronald J. Kruszewski, chairman and chief executive officer of Stifel Financial Corp. and Stifel, Nicolaus & Company, Incorporated. "This lease underscores our commitment to the City of Baltimore, the State of Maryland, and the more than 420 associates who joined us as part of the merger with Legg Mason Capital Markets in December 2005." As the one-year anniversary of Stifel Nicolaus' merger with Legg Mason Capital Markets approaches, the firm recently reported that the combined capital markets revenue (sales, trading, and investment banking) grew to a record $155.2 million for the first nine months of 2006. Overview of Stifel Nicolaus One of the largest middle-market investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. 1,850 employees in over 120 offices throughout the U.S. and in Europe Corporate headquarters in St. Louis Capital markets headquarters in Baltimore Equity Research Leading "off Wall Street" equity research franchise 47 senior research analysts covering 585 companies Investment Banking Extensive capital raising experience and mergers & acquisitions experience. Since 2000, Stifel Nicolaus Capital Markets (including Legg Mason transactions) has completed: Over 692 public offerings totaling $165 billion in value Over 297 M&A transactions totaling $22 billion in value Over 284 private placements totaling $12 billion in value Institutional Sales & Trading 163-person Institutional Equity Sales & Trading team 110-person Institutional Fixed Income Sales & Trading group 25 offices including 3 European locations Private Client Group 680 investment executives (including independent contractors A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. affiliated with Century Securities Associates) 100 offices in 23 states Over $32 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. Recent Stifel Nicolaus Developments: Announced Pending Acquisition of Private Client Group of Minneapolis-based Miller Johnson Steichen Kinnard, Inc. Announced Pending Acquisition of First Service Financial Co., a bank holding company "As the largest Capital Markets firm in Maryland, and as one of the largest middle-market investment banking firms in the U.S, we look forward to building upon Baltimore's strong Capital Markets heritage and to expanding our Private Client Group footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. into the highly attractive Mid-Atlantic market," said Richard J. Himelfarb, executive vice president and head of investment banking. Stifel, Nicolaus & Company, Incorporated is a full-service brokerage and investment banking firm founded in 1890 and headquartered in St. Louis, Missouri. Stifel, Nicolaus & Company, Incorporated operates 121 offices in 27 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and 3 European offices through Stifel Nicolaus Limited. A full range of investments, including stocks, corporate and municipal bonds, mutual funds, annuities, insurance, options, and managed assets accounts is available through the firm. Stifel Nicolaus is the largest subsidiary of Stifel Financial Corp. and is a member of SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "SF." To learn more about Stifel, please visit the company's web site at www.stifel.com. |
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