NYSE:SFN

Stifel Announces Retirement of Victor Nesi as Co-President and Head of Institutional Group; Joins Board of Directors

ST. LOUIS, June 11, 2025 – Stifel Financial Corp. (NYSE: SF) announced today that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his executive roles effective July 1, 2025, after 16 years of service. Mr. Nesi will continue to contribute to the firm as a member of the Board of Directors.

“Victor has been instrumental in building the platform we have today,” said Ronald J. Kruszewski, Chairman and CEO. “The transformation of our Institutional Group under his guidance is one of the great success stories in our firm’s history.”

Since joining Stifel in 2009, Nesi oversaw the Institutional Group's revenue growth from $391 million to $2.2 billion at its peak, with investment banking revenue increasing 20x to a record $1.6 billion. In 2024, the Institutional Group reported $1.6 billion in revenue, more than four times its 2009 level.

Mr. Nesi’s retirement marks the end of a transformative era, but he leaves behind a seasoned leadership team and solid infrastructure designed for long-term success.

“It has been an honor and privilege to help grow Stifel into a premier full-service investment bank,” said Nesi. “I’m proud of what we’ve built and excited to continue supporting the firm in my new capacity on the Board.”

With a career spanning four decades, Nesi previously held senior roles at Merrill Lynch, Salomon Brothers, and Goldman Sachs, and practiced law at Shea & Gould.
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M
ME NEWS 06-12-25