He worked for Legg for 12 years until December 2005, when Stifelacquired the investment banking, research, institutional equity andfixed income capital markets of Legg. Stifel provides securitiesbrokerage, investment banking, trading, investment advisory andrelated financial services, primarily to individual investors,money managers, businesses and municipalities. Ron Kruszewski,chairman and CEO of Stifel Financial, said in a statement thatSullivan's service is very much appreciated. "He has taken the leadin building a strong fixed income capital markets platform for us,and we look forward to continuing to grow that business on thefoundation he established," Kruszewski said in the statement. JamesZemlyak, CFO, did not return a call for comment.

Sullivan's job experience includes the investment management ofbanking, trading, institutional sales and research functions acrossfixed income asset classes, and he is currently a trustee andchairman of the Curriculum Committee for the Securities IndustryInstitute. He said in a separate statement that rejoining Legg,which has a singular focus on asset management and a globalpresence, is very exciting. Sullivan could not be reached forcomment, but a spokeswoman tells GlobeSt.com that he will beinvolved in streamlining cuts as the company struggles under thecurrent capital markets, posting a $31 million net loss in thefirst quarter and decreasing AUM to $922.8 billion.