Governor Lamont Announces Expansion of Stifel Operations and Job Creation in Connecticut
Leading investment banking and wealth management firm plans to open sixth Connecticut office in Stamford
(HARTFORD, CT) – Governor Ned Lamont today announced that global wealth management and investment banking firm Stifel will expand its presence in Connecticut with the addition of a new office in Stamford, where it will create 50 new jobs. In addition to the new location, Stifel maintains existing offices in Hamden, Hartford, Madison, Mystic and Southbury.
The company’s Stamford office will occupy more than 24,000 square feet at 677 Washington Boulevard.
Stifel is a full-service financial services firm and serves as a strategic advisor to individuals, entrepreneurs, family businesses, private equity groups, and major public and private corporations in North America, Europe, Asia, Israel and Latin America. It employs more than 8,500 people worldwide.
“Stifel is a highly respected global company, and its decision to add a sixth office in Connecticut and create more jobs here is great news for our state,” Governor Lamont said. “Connecticut is the perfect location for financial services companies because our state has the talented workforce and resources necessary for these businesses to grow and thrive. I commend Stifel on his decision to invest and grow here, and look forward to building our partnership with this company for years to come.
“Like Stifel, Stamford is growing rapidly and we are excited to grow further in Connecticut,” Victor Nesi, Co-Chairman and Head of Institutional Group at Stifel Financial, said. “We believe Stamford is the financial services hub of the state, and given its proximity to other Stifel offices and many of our customers, we believe it is important to have a presence there. We are delighted to partner with Governor Lamont as we continue to make customer service and talent acquisition top priorities.
The Connecticut Department of Economic and Community Development (DECD) is supporting the project with an arrears grant of up to $1,750,000, conditional on the company creating and maintaining 50 new full-time jobs. The state’s economic development program to support and encourage growth, JobsCT, is available to eligible businesses in targeted industries that create more than 25 jobs. The amount of the subsidy is determined by several factors, including payroll taxes paid, job creation totals and times, average wages, and business location.
“We are seeing a growing number of financial services companies making new investments and expanding their workforces in Connecticut, which is great news for our strong financial ecosystem and for the economy as a whole,” DECD Commissioner David Lehman and Peter Denious, CEO of nonprofit economic development organization AdvanceCT, said in a joint statement.. “Stifel’s decision to expand its operations in Connecticut is yet another reminder of the many competitive advantages our state has to offer leading global companies.”
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