Company: SFB
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001193125-25-094691
Chunk: 17

Company: STIFEL FINANCIAL CORP
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 17
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 Head of the Institutional Group   Victor J. Nesi joined Stifel in 2009 as Co-head of its Institutional Group, was named Co-President in 2014, and sole head of the Institutional Group in 2017. As sole head, Mr. Nesi implemented a strategy of integrating and aligning Stifel’s Institutional Group divisions across business lines and geographies. Over the course of his leadership, the Institutional business at Stifel has increased five-fold as measured by revenues, from both organic growth and the integration of the professionals from over 20 acquisitions globally. Prior to joining Stifel, Mr. Nesi held a number of senior management positions at Merrill Lynch, including running its investment banking business in North America from 2005-2007. In his 30-year investment banking career, Mr. Nesi has advised clients on strategic advisory transactions totaling in excess of $200 billion; and financing assignments across both debt and equity transactions. |

| 2024 Performance Highlights   P   Institutional Group net revenues increased 30% year-on-year, to nearly $1.6 billion, second-best year   P   Institutional Group pre-tax net income increased dramatically year-on-year to over $223 million   P   Successful leadership of numerous initiatives, including launch of Stifel North Atlantic AM-Forward Fund, which invests in aerospace and defense small business manufacturers, in support of national policy   P   Improved compensation and non-compensation operating expense ratios through a combination of revenue growth and expense discipline |     | Compensation Mix |

| Proxy Statement for the 2025 Annual Meeting of Shareholders |     | 34 |

| Thomas B. Michaud, Senior Vice President, President and CEO of Keefe, Bruyette & Woods, Co-Head of Institutional Equities and Advisory   Thomas B. Michaud is in his 39th year with KBW. He was named President and CEO in 2011, having served as Vice Chairman and COO of the Holding Company since 2001 and President of the main subsidiary since 2006. KBW was acquired by Stifel in February 2013 and he leads Stifel’s investment banking business in the financial services and fintech sectors. In additional to managing the day to day operations of KBW, in April 2024 Mr. Michaud was promoted to Global Co-Head of Stifel’s Institutional Equities