Sterne Agee Expands with the Hiring of a High Yield Group

Birmingham, AL,  (January 20, 2009)  – Sterne Agee is pleased to announce the establishment of a High Yield trading and research business with the hiring of Eric Needleman, Jay Lupo,  Kevin Eng and their 12 associates.

The High Yield group will be located in Sterne Agee’s New York City office and headed by Eric Needleman, with Jay Lupo as Co-Head of Sales, and Kevin A. Eng as Head of High Yield Research. 

Needleman, Lupo, and Eng come to Sterne Agee from KBC Financial Products where Needleman was Head of High Yield for KBC from 2003-2008. 

Over the past years, the acquired High Yield group has built a reputation as a preeminent High Yield secondary trading desk. They have earned numerous accolades, including high rankings in the 2007 Orion Survey and have been named to the Institutional Investor Fixed Income Research Team 26 times in the automotive, building, consumer/ food, gaming, and paper and packaging sectors.

The recent addition of the High Yield team highlights Sterne Agee’s commitment to the expansion of institutional trading and research businesses. Sterne Agee now has a significant market share in High Yield, High Grade, and Equity Capital Markets. Sterne Agee believes that the expansion of these assets will further provide significant value for its clients. 

Founded in 1901, Sterne Agee is one of the oldest and largest privately owned brokerage firms in the country. A member of the New York Stock Exchange, Sterne Agee has headquarters in Birmingham, Alabama, and offices in 23 states.

For more information contact:  

Leah McKinney
Senior Vice President
205.949.3564
lmckinney@sterneagee.com