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Area Development - Site Selection, Facility Planning and Workforce Development

Stifel Establishes Stamford, Connecticut, Operations Center

08/22/2022
Stifel, a global wealth management and investment banking company, will establish a new operations center in Stamford, Connecticut. The project is expected to create 50 jobs.

The office will occupy more than 24,000 square feet at 677 Washington Boulevard. In addition to the new location, Stifel maintains existing offices in Hamden, Hartford, Madison, Mystic, and Southbury.

“Like Stifel, Stamford is growing rapidly, and we are happy to expand further into Connecticut,” Victor Nesi, co-president and head of the Institutional Group of Stifel Financial, said. “In our view, Stamford is the state’s financial services hub, and given its close proximity to other Stifel offices and to many of our clients, we believe having a presence there is important. We are thrilled to collaborate with Governor Lamont as we continue to make client service and talent acquisition top priorities.”

As an incentive, Connecticut Department of Economic and Community Development (DECD) is supporting the project by providing a grant in arrears up to $1,750,000, contingent on the company’s job creation target. 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 grant amount is determined by several factors, including payroll taxes paid, job creation totals and timelines, average wages, and company location.

“We are seeing a growing number of financial services firms make new investments and increase headcounts in Connecticut, which is great news for our strong finance ecosystem and economy as a whole,” added DECD Commissioner David Lehman and Peter Denious, CEO of AdvanceCT. “Stifel’s decision to expand their operations in Connecticut is another reminder of the many competitive advantages our state has to offer leading global companies.”

Stifel is a full-service financial services firm, and serves as strategic advisors to individuals, entrepreneurs, family-owned businesses, private equity groups, and leading public and private corporations in North America, Europe, Asia, Israel, and Latin America. The company employs more than 8,500 people globally.

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