SF - Stifel Expands SBA Trading Capabilities With Addition of Industry-Leading SBA 7(a) Trading Team | Benzinga
ST. LOUIS, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE:SF) today announced the growth of its Small Business Administration (SBA) trading capabilities by welcoming industry veterans Craig Cline and Christopher Dean, formerly of FHN Financial, to lead its SBA 7(a) and Government Guaranteed Loan trading business. They will co-head the group and be based in the firm's Houston, Texas, office.
The 7(a) is the SBA's primary business loan program for providing financial assistance to small businesses, and there is a robust secondary market for lenders that wish to sell the guaranteed portion of the loan to investors.
"We are thrilled to welcome Craig and Chris to the team," said Eric Needleman, Global Head of Fixed Income Capital Markets at Stifel. "Their arrival demonstrates our continued commitment to invest in resources that provide best-in-class services to meet the evolving needs of our core and expanding client base."
Messrs. Cline and Dean ran the SBA desk at FHN Financial for the last six years, in which time they established themselves as leading traders in the sector. They managed the firm's loan, security, and interest-only products, and were ...