Michael Barry and Robert Hutchinson have joined Sterne, Agee & Leach’s depositary investment banking group. Barry will be based in New York and Hutchinson in the Boston office. Barry joined Sterne Agee as MD and head of M&A for depository investment banking. Most recently, he was with Stifel Nicolaus Weisel where he was head of FIG M&A. Hutchinson joined Sterne as MD and head of Northeast coverage for depository investment Banking. He is also from Stifel Nicolaus Weisel where he spent more than 15 years in depositary investment banking.
Sterne, Agee & Leach, Inc., one of the oldest and largest privately-owned investment banking and brokerage firms in the country, recently announced the expansion of its Depository Investment Banking Group with the addition of Michael F. Barry, based in Sterne Agee’s New York Office and Robert P. Hutchinson, based in the Boston office.
Barry joined Sterne Agee as Managing Director and Head of M&A for Depository Investment Banking. Most recently, he was with Stifel Nicolaus Weisel where he was Head of FIG M&A. Before Stifel, Barry spent more than 13 years at Merrill Lynch where he was head of the US Depository Group. He has also held senior M&A positions in the Financial Institutions Groups of both Banc of America Securities, managing the overall M&A effort related to depository institutions, and Lehman Brothers.
Hutchinson joined Sterne Agee as Managing Director and Head of Northeast Coverage for Depository Investment Banking, also from Stifel Nicolaus Weisel. He has spent more than 15 years in depository investment banking, serving as the head of the depository practice for Sterne Agee, as well as Managing Director for Keefe, Bruyette & Woods. Hutchinson also worked as an associate at RBC Capital Markets where he worked in an investment banking capacity on financial institutions.
“Michael and Bob represent the latest in the build out of Sterne Agee’s depository investment banking practice. The depth of their individual experience and success with providing strategic advice and raising capital for the financial sector will be a great benefit to our existing and future clientele,” said Ryan Medo, Executive Managing Director of Equity Capital Markets.
“Michael’s more than 25 years of M&A experience in the depository space makes him ideal to spear head our efforts in that area. Meanwhile, Bob brings the requisite leadership, experience and wide range of relationships in the Northeast to round-out our commitment to depository investment banking,” said Daryle DiLascia, Senior Managing Director and Head of Depository Investment Banking. “In addition, Michael and Bob will also partner on Northeast coverage, and will assist on our larger cap relationships around the country.”
With decades of experience calling on depository institutions, advising on mergers and acquisitions, divestitures, restructuring and recapitalizations, defense and public and private debt, as well as capital raising transactions, Barry has advised on more than 80 announced depository M&A transactions with a total value north of $165 billion. In addition, he has worked on more than 70 public and/or private debt or equity transactions, raising more than $55 billion in the aggregate. He holds an AB (Summa Cum Laude, Phi Beta Kappa) from Princeton University and an MBA (With Distinction) from the Wharton School at the University of Pennsylvania.
Hutchinson brings more than 15 years-experience specializing in M&A, equity offerings, debt offerings and mutual to stock conversions. He served four years as an Officer in the United States Marine Corps and holds an MBA with a concentration in finance from the Fisher College of Business at Ohio State University. He earned a BA in English Literature from Boston College.
Along with the addition of Barry and Hutchinson are two new vice presidents, Andrew Stager and Lorenzo Zefferino. Stager joined Sterne Agee as a vice president for investment banking in the financial institutions group. Prior to his position with Sterne Agee, he served as both an associate with Stifel/Keefe, Bruyette & Woods and an analyst with Keefe, Bruyette & Woods. Zefferino also joined Sterne Agee as a vice president for investment banking in the financial institutions group. Preceding Sterne Agee, he was a vice president with Stifel/Keefe, Bruyette & Woods.
Speaking about Stager and Zefferino, DiLascia offered additional comments, saying, “Andrew and Lorenzo represent a crop of talented professionals with an unmatched understanding of the financial services industry; we couldn’t be more excited to have them in our financial institutions group.”
About Sterne Agee
Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately-owned investment banks in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and high-net worth individuals. Through its family of wholly-owned subsidiaries, Sterne Agee custodies over $21 billion in client assets, and has more than 1,500 employees in 59 offices across 22 states. The Sterne Agee family of companies has prospered for more than 100 years by always putting client interests first and consistently delivering excellent financial services. Sterne Agee is the trade name used by Sterne Agee Group, Inc. and affiliates, including Sterne, Agee & Leach, Inc., member of NYSE, FINRA and SIPC. Visit www.sterneagee.com.