Sterne, Agee & Leach has announced the expansion of its Financial Institutions Investment Banking Group with the addition of Daryle DiLascia.
DiLascia will manage the firm’s depository investment banking efforts and will work in Sterne Agee’s New York office.
DiLascia joins Sterne Agee as Senior Managing Director in charge of depository investment banking affairs for financial institutions and investment banks. DiLascia joins Sterne Agee from Keefe Bruyette & Woods (KBW) where he served most recently as Executive Vice President & Co-Head of Equities. He was with KBW for more than 16 years where he was also a member of their Executive Committee and spent much of the past five years focused on capital raising, primarily within the regional and community banking sector.
'We are extremely pleased to have Daryle join Sterne Agee. The depth of his experience and business acumen will greatly benefit our existing and future clients', said Ryan Medo, Executive Managing Director of Equity Capital Markets. 'His strong record of success in raising capital and providing strategic advice to financial services companies makes him a great addition to our leadership team'.
The addition of DiLascia broadens and deepens Sterne Agee’s financial institutions expertise and serves as the latest in a series of moves designed to expand the firm’s corporate finance coverage initiatives.
'More and more, financial institutions around the country are taking notice of not just the full-service capabilities of Sterne Agee, but they are also recognizing the value of the customized experience that our investment banking team delivers on a daily basis,” said DiLascia. “It’s a great time to be associated with Sterne Agee and I’m happy to be on board'.
With DiLascia’s involvement, since 2007 KBW assisted financial institutions in raising more than $170bn, with $20bn in a book-runner / lead-manager capacity, mostly for US Depositories. In addition to public offerings, he was heavily involved in private placement transactions, including recapitalizations and opportunistic capital related to mergers, acquisitions and FDIC-assisted deals. He also worked closely with financial sponsors related to investments into US Depository Institutions.
DiLascia holds a B.S. in Mathematics from Syracuse University and MBA in Finance from Boston College.
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