Stifel Financial has appointed Michael Sullivan as managing director of its private client group and Eastern region director of its broker-dealer subsidiary, Stifel, Nicolaus & Company.
In his new role, Sullivan will provide wealth management and investment advisory services to his clients.
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He will also be responsible for developing cross-organizational partnerships to strengthen client relationships and expanding the firm’s presence along the East Coast.
Sullivan joins Stifel from Merrill Lynch, where he began his career in 1984 as a financial advisor. At Merrill Lynch, he served as co-founder and head of private executive services, a private banking and investment group providing customized wealth management services to a select group of clients.
James Zemlyak, chief operating officer of Stifel, said: "As we continue to invest in our Wealth Management segment, Sullivan will enable us to effectively utilize the breadth of our platform for the benefit of our clients."
Victor Nesi, co-director of Stifel’s Institutional Group, said: "Having previously worked with Sullivan on similar cross-organizational initiatives at Merrill Lynch, I look forward to partnering with him to best put Stifel’s vast resources and capabilities to work for our clients in both the institutional and wealth management segments."
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