Stifel Financial Corp. Announces Retirement of Victor Nesi and Appointment to Board of Directors

Stifel Financial Corp. (NYSE: SF) has announced that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his day-to-day operating responsibilities effective July 1, 2025, after 16 years of distinguished service. During his tenure, the Institutional Group's overall revenue grew from $391 million in 2008 to a peak of $2.2 billion in 2021, with investment banking revenue increasing 20x from $84 million to a record $1.6 billion. Nesi will continue to serve the firm as a Director on the Board of Directors.

Key Takeaways:

Victor Nesi, Co-President and Head of the Institutional Group, will retire from day-to-day operating responsibilities effective July 1, 2025, after 16 years of service.
Nesi will join the Company's Board of Directors, effective July 1, 2025, and will receive an award equivalent to the annual retainer paid to all non-employee directors.
The Institutional Group's overall revenue grew from $391 million in 2008 to $2.2 billion in 2021, with investment banking revenue increasing 20x from $84 million to $1.6 billion.
Nesi will continue to contribute to the firm's success as a valued member of the Board of Directors.
The Board has praised Nesi's leadership and strategic vision, citing his instrumental role in building the platform and driving the Institutional Group's success.
Nesi's career in investment banking spans four decades, with previous leadership positions at Merrill Lynch, Salomon Brothers, and Goldman Sachs.

Statistics:

Institutional Group's overall revenue: $391 million (2008) -> $2.2 billion (2021)
Investment banking revenue: $84 million (2008) -> $1.6 billion (2021)
Increase in investment banking revenue: 20x
Number of years Victor Nesi has been with Stifel: 16
Date of Nesi's retirement from day-to-day responsibilities: July 1, 2025

Sources:

Stifel Financial Corp. Press Release (June 11, 2025)
Stifel Financial Corp. Form 8-K (June 6, 2025)