Friday , September 24 2021

The British investment bank acquired the main bank – magazine FINANCE

London-based investment bank Stifel Europe takes over the German Mainfirst Bank, which focuses on equity and brokerage research and other ECM businesses. Stifel Europe is a subsidiary of US Stifel Financial Corporation. Financial details about the agreement are unknown. The transaction is scheduled for completion in the first quarter of 2019.

Since spring 2017, Haron Holding, supported by Swiss investment manager Luca Pesarini, has held a majority stake in Mainfirst. The London is now taking over Mainfirst Bank, Mainfirst Switzerland, and Mainfirst Securities. The asset management unit, on the other hand, is not part of the transaction. Mainfirst Asset Management was separated from Mainfirst at the beginning of the year and worked with a new independent company structure.

In the management team, Germany, even below the new owner must not change: Senior executives will continue their work, the company said. Mainfirst employs around 200 people, of which 60 are analysts.

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