Sterne Agee: Difference between revisions
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
'''Sterne Agee''' is family of five securities firms held privately under the name '''Sterne Agee Group'''. It is headquartered at 800 [[Shades Creek Parkway]] in [[Homewood]] with offices in 22 states. The chairman and CEO is [[James Holbrook]]. | '''Sterne Agee''' is family of five securities firms held privately under the name '''Sterne Agee Group'''. It is headquartered at 800 [[Shades Creek Parkway]] in [[Homewood]] with offices in 22 states. The chairman and CEO is [[Eric Needleman]], who succeeded [[James Holbrook, Jr]] in [[2014]]. | ||
The primary firm is '''Sterne, Agee & Leach''', a full-service securities brokerage with an associated trust company. '''Sterne Agee Asset Management''' provides discretionary asset management while two other associated broker-dealers, '''Sterne Agee Financial Services''' and '''Sterne Agee Clearing''' serve customers in the financial services and overseas markets, respectively. | The primary firm is '''Sterne, Agee & Leach''', a full-service securities brokerage with an associated trust company. '''Sterne Agee Asset Management''' provides discretionary asset management while two other associated broker-dealers, '''Sterne Agee Financial Services''' and '''Sterne Agee Clearing''' serve customers in the financial services and overseas markets, respectively. | ||
| Line 9: | Line 9: | ||
In [[2013]] Sterne Agee made its first international acquisition when it purchased Yorvik Partners brokerage of London, England. | In [[2013]] Sterne Agee made its first international acquisition when it purchased Yorvik Partners brokerage of London, England. | ||
In [[2014]] the firm dismissed CEO [[James Holbrook, Jr|James Holbrook]] and his son, COO [[Billy Holbrook]] and installed former New York-based managing director [[Eric Needleman]] as CEO and [[Joe Nunziata]] as president . The changes followed a lawsuit brought by former CFO [[Brian Barze]] alleging questionable spending by James Holbrook and another suit brought by Sterne Agee against an accounting firm. | |||
==References== | ==References== | ||
* Tomberlin, Michael (December 2, 2013) "Birmingham's Sterne Agee completes London firm acquisition." {{BN}} | * Tomberlin, Michael (December 2, 2013) "Birmingham's Sterne Agee completes London firm acquisition." {{BN}} | ||
* Diel, Stan (May 23, 2014) "Sterne Agee announces new executive team following abrupt dismissal of CEO." {{BN}} | |||
==External links== | ==External links== | ||
Revision as of 16:38, 25 May 2014
Sterne Agee is family of five securities firms held privately under the name Sterne Agee Group. It is headquartered at 800 Shades Creek Parkway in Homewood with offices in 22 states. The chairman and CEO is Eric Needleman, who succeeded James Holbrook, Jr in 2014.
The primary firm is Sterne, Agee & Leach, a full-service securities brokerage with an associated trust company. Sterne Agee Asset Management provides discretionary asset management while two other associated broker-dealers, Sterne Agee Financial Services and Sterne Agee Clearing serve customers in the financial services and overseas markets, respectively.
History
Sterne Agee traces its history to George Ward's founding of a securities firm in Birmingham in 1901. In 1916 Ward merged his company with the Sterne Securities Company founded by Mervyn Sterne two years prior, forming Ward, Sterne & Company. Rucker Agee joined the firm as a partner in 1919. A Montgomery office was opened in 1921 by Edmund Leach. After Ward died in 1945 the name of the company became Sterne, Agee & Leach.
In 1974 Sterne, Agee & Leach acquired Shropshire, Frazer & Company of Mobile. It merged with First Birmingham Securities in 1990. Other acquisitions include F&G Investment Services (1993), Hill, Crawford & Lanford of Little Rock, Arkansas (1995), John R. Taylor Financial Group of Fort Smith, Arkansas (2000), McAllaster & Associates of The Landings, Georgia (2001), and CG Melton Financial Services (2002).
In 2013 Sterne Agee made its first international acquisition when it purchased Yorvik Partners brokerage of London, England.
In 2014 the firm dismissed CEO James Holbrook and his son, COO Billy Holbrook and installed former New York-based managing director Eric Needleman as CEO and Joe Nunziata as president . The changes followed a lawsuit brought by former CFO Brian Barze alleging questionable spending by James Holbrook and another suit brought by Sterne Agee against an accounting firm.
References
- Tomberlin, Michael (December 2, 2013) "Birmingham's Sterne Agee completes London firm acquisition." The Birmingham News
- Diel, Stan (May 23, 2014) "Sterne Agee announces new executive team following abrupt dismissal of CEO." The Birmingham News
External links
- Sterne Agee website