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Sterne Agee expands financial institutions group

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Sterne Agee, a privately owned brokerage firm, has hired Bob Hutchinson as a managing director in its financial institutions investment banking group.

Sterne Agee, a privately owned brokerage firm, has hired Bob Hutchinson as a managing director in its financial institutions investment banking group.

He will be leading a client coverage team out of Boston where he will be responsible for coverage of depository institutions and mortgage Reits.

Previously, Hutchinson was a managing director with Keefe, Bruyette and Woods where he specialised in the execution of mergers and acquisitions, equity offerings, trust preferred offerings and mutual to stock conversion offerings. Before that, he was an associate for RBC Capital Markets where he focused in an investment banking capacity on financial institutions to include leasing companies, specialty lenders, mortgage Reits, equity Reits and traditional banks and thrifts.

‘We are excited to add Bob to lead our team in Boston. He brings a wealth of knowledge and experience. This continues the expansion of our financial institutions group with added coverage in both depositories and mortgage Reits,’ says Mark Behrman, head of investment banking.

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