Stifel Financial has made several key senior management changes to better align its management structure with its ongoing growth strategies.

David Sliney has been named as COO and Jim Marischen as CFO in the latest restructuring. The appointments are effective immediately.

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Marischen will replace James Zemlyak, who served as the CFO of the company since 1999.

Zemlyak, however, will now continue to lead the company’s Global Wealth Management business as well as remain the co-president of Stifel Financial.

Victor Nesi, who is the other co-president of the company, will continue to head Stifel’s Institutional Group, the company noted.

Stifel Financial chairman and CEO Ron Kruszewski said: “As we look toward our future, we need to continue developing our organisational structure in order to ensure continued success.

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“With these appointments, we’ve better aligned our talented management team with our businesses, enabling Stifel to continue on a strong growth trajectory.”

As COO, Sliney will be in charge of managing responsible for technology, operations, and platform development.

He has been associated with the company since 2003 under multiple designations including senior vice-president of strategic planning, technology, and operations.

“The growth and success of Stifel’s business over the past two decades would not have been possible without David’s significant contributions.

“Not only has he played a key role in the strategic direction of the firm over the past 20 years, but David has overseen the integration of our acquisitions as well as the development of our technology and back-office systems,” Kruszewski.