{"id":881515,"date":"2025-09-03T11:29:21","date_gmt":"2025-09-03T15:29:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/"},"modified":"2025-09-03T11:29:21","modified_gmt":"2025-09-03T15:29:21","slug":"launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/","title":{"rendered":"Launny Steffens to Join Stifel as Vice Chairman of Asset Management"},"content":{"rendered":"<h2>\nFormer Architect of Merrill Lynch\u2019s Retail Business Will Support Growth Across Stifel Platform<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"left\">ST. LOUIS, Sept.  03, 2025  (GLOBE NEWSWIRE) &#8212; Stifel Financial Corp. (NYSE: SF) today announced that Launny Steffens, a veteran financial services leader credited with helping build Merrill Lynch\u2019s retail business, will join the firm as Vice Chairman of Asset Management. In this newly created role, Steffens will focus on growing Stifel\u2019s financial advisor network, advancing the firm\u2019s asset management capabilities, and sourcing strategic investment banking opportunities.<\/p>\n<p>Steffens brings decades of extensive experience, including a distinguished 38-year career at Merrill Lynch. There, he held multiple leadership positions including President of Merrill Lynch Consumer Markets, Vice Chairman of Merrill Lynch &amp; Co., and Chairman of the firm\u2019s U.S. Private Client Group. Under his direction, Merrill\u2019s Private Client Group experienced extraordinary growth, with assets under management climbing from $200 billion in 1985 to approximately $1.6 trillion in 2000.<\/p>\n<p>Following his tenure at Merrill Lynch, Steffens and former McKinsey executive Greg Ho co-founded Spring Mountain Capital, a private investment management firm focused on alternative asset investing. As part of Steffens and Ho\u2019s move to Stifel, the firm will acquire more than $1 billion in assets under management from Spring Mountain, along with key investment professionals who will remain actively involved in managing them. The transaction is expected to close later this year, subject to customary conditions.<\/p>\n<p>\u201cLaunny Steffens is a legend in our industry,\u201d said Ronald J. Kruszewski, Chairman and CEO of Stifel. \u201cHis experience, insight, and unmatched relationship network make him an exceptional addition to our firm. We are excited to welcome Launny to Stifel, and I am confident he will help us accelerate our momentum across several strategic areas.\u201d<\/p>\n<p>\u201cOver the years, I have watched Stifel evolve into one of the most respected firms on Wall Street, and I have long admired Ron and the team he\u2019s assembled,\u201d said Steffens. \u201cWhat truly sets Stifel apart is its culture. It reminds me of an earlier era in our business, when firms were more entrepreneurial, client-focused, and advisors truly owned their book of business. Stifel has managed to preserve that classic spirit, while still embracing innovation. I am excited to join Stifel and contribute to its next era of growth.\u201d<\/p>\n<p>Steffens currently serves on the Board of Directors of AtlasXomics, and is a past Chairman of the Securities Industry Association (now the Securities Industry and Financial Markets Association, or SIFMA), and former Board member of Merrill Lynch &amp; Co.<\/p>\n<p>Dechert LLP is acting as legal counsel to Stifel in connection with this transaction and Pryor Cashman LLP is acting as legal counsel to Spring Mountain Capital.<\/p>\n<p>\n        <strong>Stifel\u00a0Company\u00a0Information<br \/><\/strong>Stifel Financial Corp. (NYSE: 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\u2019s broker-dealer clients are served in the United States through Stifel, Nicolaus &amp; Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette &amp; Woods, Inc.; Miller Buckfire &amp; Co., LLC; and Stifel Independent Advisors, LLC. The Company\u2019s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank &amp; Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company\u2019s website at www.stifel.com. For global disclosures, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Lok3s2W_rKbpD40HwvYi2teEijAj3bNQnEG6ao-XMwPuxagSq1Xys5SzVE9VFdP-9YeWk2GhlR8jiPhC1wN_j2L2YcF-cqxJa9ccwfgD69bvasdXWXKn3f69akjBlfBFS5ybZMbEbo-j4RoRvv2Tg2GUZ9x15T2Ns4JEbAx-HMcT70w7_SsDnVUnSw0B4tou\" rel=\"nofollow\" target=\"_blank\">https:\/\/www.stifel.com\/investor-relations\/press-releases<\/a>.<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Neil Shapiro, +1 (212) 271-3447<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Gq2dRn2XUktrhmN5J3_AguNZA_Cpm05AYpAnrgciIlK1P5qCuGGpzMrKTJs0Z_c7tKWQUASh2lTue53F9GvVkShinClhvKhJR41wwjtbjmE=\" rel=\"nofollow\" target=\"_blank\">shapiron@stifel.com<\/a><\/p>\n<p>\n        <strong>Investor Relations Contact <\/strong><br \/>\n        <br \/>Joel Jeffrey, +1 (212) 271-3610 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=szZWmeEM2HhwSFPwVB-kguZbMHA9GrniAuJ1XXEYhP2_2913H8Sb5T-wpNFhzwfOaeK4PUVrpwE4LPH1fLbuupJIx57VWxesu7BCidgtE6n4V5MG3M_S93gk-NwWPvZ4\" rel=\"nofollow\" target=\"_blank\">investorrelations@stifel.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUyMjAzMSM3MTI2NTQyIzIwMDg4NTk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGQ1NmQzZjktMzJjYi00YzE4LWIzMjYtODhjZGVlOGU1YTUwLTEwMjA0MzItMjAyNS0wOS0wMy1lbg==\/tiny\/Stifel-Financial-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Architect of Merrill Lynch\u2019s Retail Business Will Support Growth Across Stifel Platform ST. LOUIS, Sept. 03, 2025 (GLOBE NEWSWIRE) &#8212; Stifel Financial Corp. (NYSE: SF) today announced that Launny Steffens, a veteran financial services leader credited with helping build Merrill Lynch\u2019s retail business, will join the firm as Vice Chairman of Asset Management. In this newly created role, Steffens will focus on growing Stifel\u2019s financial advisor network, advancing the firm\u2019s asset management capabilities, and sourcing strategic investment banking opportunities. Steffens brings decades of extensive experience, including a distinguished 38-year career at Merrill Lynch. There, he held multiple leadership positions including President of Merrill Lynch Consumer Markets, Vice Chairman of Merrill Lynch &amp; Co., and Chairman of the firm\u2019s U.S. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Launny Steffens to Join Stifel as Vice Chairman of Asset Management&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-881515","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Launny Steffens to Join Stifel as Vice Chairman of Asset Management - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Launny Steffens to Join Stifel as Vice Chairman of Asset Management - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Former Architect of Merrill Lynch\u2019s Retail Business Will Support Growth Across Stifel Platform ST. LOUIS, Sept. 03, 2025 (GLOBE NEWSWIRE) &#8212; Stifel Financial Corp. (NYSE: SF) today announced that Launny Steffens, a veteran financial services leader credited with helping build Merrill Lynch\u2019s retail business, will join the firm as Vice Chairman of Asset Management. In this newly created role, Steffens will focus on growing Stifel\u2019s financial advisor network, advancing the firm\u2019s asset management capabilities, and sourcing strategic investment banking opportunities. Steffens brings decades of extensive experience, including a distinguished 38-year career at Merrill Lynch. There, he held multiple leadership positions including President of Merrill Lynch Consumer Markets, Vice Chairman of Merrill Lynch &amp; Co., and Chairman of the firm\u2019s U.S. &hellip; Continue reading &quot;Launny Steffens to Join Stifel as Vice Chairman of Asset Management&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-03T15:29:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUyMjAzMSM3MTI2NTQyIzIwMDg4NTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Launny Steffens to Join Stifel as Vice Chairman of Asset Management\",\"datePublished\":\"2025-09-03T15:29:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/\"},\"wordCount\":622,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTUyMjAzMSM3MTI2NTQyIzIwMDg4NTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\\\/\",\"name\":\"Launny Steffens to Join Stifel as Vice Chairman of Asset Management - 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LOUIS, Sept. 03, 2025 (GLOBE NEWSWIRE) &#8212; Stifel Financial Corp. (NYSE: SF) today announced that Launny Steffens, a veteran financial services leader credited with helping build Merrill Lynch\u2019s retail business, will join the firm as Vice Chairman of Asset Management. In this newly created role, Steffens will focus on growing Stifel\u2019s financial advisor network, advancing the firm\u2019s asset management capabilities, and sourcing strategic investment banking opportunities. Steffens brings decades of extensive experience, including a distinguished 38-year career at Merrill Lynch. There, he held multiple leadership positions including President of Merrill Lynch Consumer Markets, Vice Chairman of Merrill Lynch &amp; Co., and Chairman of the firm\u2019s U.S. &hellip; Continue reading \"Launny Steffens to Join Stifel as Vice Chairman of Asset Management\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/","og_site_name":"Market Newsdesk","article_published_time":"2025-09-03T15:29:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUyMjAzMSM3MTI2NTQyIzIwMDg4NTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Launny Steffens to Join Stifel as Vice Chairman of Asset Management","datePublished":"2025-09-03T15:29:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/"},"wordCount":622,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTUyMjAzMSM3MTI2NTQyIzIwMDg4NTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/launny-steffens-to-join-stifel-as-vice-chairman-of-asset-management\/","name":"Launny Steffens to Join Stifel as Vice Chairman of Asset Management - 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