Investment banker Stifel closes Calgary office, cuts about 35 staff [Globe and Mail, The (Toronto, Canada)]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: Globe and Mail, The
Roughly 35 positions are being eliminated as a result of the decision, according to a source familiar with the matter, with most of the lost jobs related to the Calgary office closing. The Globe and Mail is not identifying the source because they are not authorized to discuss the job cuts publicly. “After a thorough evaluation, we have made the difficult decision to consolidate some operations in Canada, which includes closing our Calgary office,” Stifel spokesperson Neil Shapiro said in an e-mail. “Current market conditions and operations costs necessitate this action.” He declined to comment on the exact number of layoffs. Stifel is also suspending coverage of Canadian banks because Mike Rizvanovic, the analyst who had previously covered the country's largest financial institutions for Keefe Bruyette & Woods – Stifel's research arm – has left the company. “We appreciate the hard work, dedication and contributions of all those impacted and we are committed to assisting every
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SF
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- 4/24/24 - Miss
SF
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- 6/7/24 - Form 4
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- 6/7/24 - Form 4
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