Investment Banking & Wealth Management Firm To Open Office In Stamford

STAMFORD, CT — Stifel, a global wealth management and investment banking company, will open its sixth Connecticut office in Stamford, according to an announcement from Gov. Ned Lamont.

The new office will create 50 jobs, and occupy more than 24,000 square-feet at 677 Washington Blvd.

"Stifel is a well-respected, global company, and their decision to add a sixth office in Connecticut and create more jobs here is great news for our state," Lamont said in a news release.

"Connecticut is the perfect location for financial services companies because our state has the talented workforce and the resources necessary for these businesses to grow and thrive. I congratulate Stifel on their decision to invest and grow here, and I look forward to building our partnership with this company for years to come," he added.

Stifel is a full-service financial services firm, and serves as strategic advisors to individuals, entrepreneurs, family-owned businesses, private equity groups and leading public and private corporations in North America, Europe, Asia, Israel, and Latin America. It employs more than 8,500 people globally.

There are other offices in Hamden, Hartford, Madison, Mystic and Southbury.

"Like Stifel, Stamford is growing rapidly, and we are happy to expand further into Connecticut," Victor Nesi, co-president and head of the Institutional Group of Stifel Financial, said in a news release. "In our view, Stamford is the state’s financial services hub, and given its close proximity to other Stifel offices and to many of our clients, we believe having a presence there is important. We are thrilled to collaborate with Governor Lamont as we continue to make client service and talent acquisition top priorities."

The Connecticut Department of Economic and Community Development (DECD) is supporting the project by providing a grant in arrears up to $1.75 million contingent on the company creating and retaining 50 new full-time jobs.

The state’s economic development program to support and encourage growth, JobsCT, is available to eligible businesses in targeted industries that create more than 25 jobs.

The grant amount is determined by several factors, including payroll taxes paid, job creation totals and timelines, average wages and company location.

"We are seeing a growing number of financial services firms make new investments and increase headcounts in Connecticut, which is great news for our strong finance ecosystem and economy as a whole," DECD Commissioner David Lehman and Peter Denious, CEO of the nonprofit economic development organization AdvanceCT, said in a joint statement.

"Stifel’s decision to expand their operations in Connecticut is another reminder of the many competitive advantages our state has to offer leading global companies."