ST. LOUIS-Joseph Sullivan, director and head of fixed income capital markets for locally based Stifel Nicolaus & Co. Inc., has decided to leave the firm and return to Baltimore-based Legg Mason Inc. Sullivan will leave Stifel, a division of Stifel Financial Corp., and will become chief administrative officer for Legg. In his new role, Sullivan will report to Legg president Mark Fetting, and will be responsible for all operational functions, including technology, risk management, human resources and legal functions.

He worked for Legg for 12 years until December 2005, when Stifel acquired the investment banking, research, institutional equity and fixed income capital markets of Legg. Stifel provides securities brokerage, investment banking, trading, investment advisory and related financial services, primarily to individual investors, money managers, businesses and municipalities. Ron Kruszewski, chairman and CEO of Stifel Financial, said in a statement that Sullivan’s service is very much appreciated. “He has taken the lead in building a strong fixed income capital markets platform for us, and we look forward to continuing to grow that business on the foundation he established,” Kruszewski said in the statement. James Zemlyak, CFO, did not return a call for comment.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.