Stifel Financial To Acquire Oriel Securities - Quick Facts

(RTTNews) - Stifel Financial Corp. (SF) said it is acquiring Oriel Securities, a London-based stockbroking and investment banking firm, to build out the company's international platform across its institutional businesses.

Terms of the transaction were not disclosed. Closing is expected in the third quarter of 2014.

The combination is expected to bring together more than 250 professionals to create a significant middle-market investment banking group in London, with broad research coverage across most sectors of the economy, equity and debt sales and trading, as well as investment banking services.

The equity sales and trading platforms of both Stifel and Oriel will be augmented by the institutional fixed income sales and trading business Stifel acquired from Knight Capital Group last year.

Senior leadership from Oriel has executed continuation agreements in support of the deal. Simon Bragg will be Chairman & CEO of Stifel's European operations.