Stone & Youngberg, a leading financial services firm and the nation's top underwriter of California municipal bonds over the past five years1, today announced that it has made two key appointments to the firm's Taxable Fixed Income Group. David Clifford will join the firm as a managing director and taxable sales manager, while Eric Saucier joins the team as a vice president in our New York office. The firm continues to expand its fixed income efforts throughout the Eastern United States.
"The addition of Dave and Eric to our New York-based team will allow us to take our sales efforts to a whole new level, facilitating continued growth for the business," said Jack Turner, a managing director at Stone & Youngberg and head of the firm's Taxable Fixed Income Group. "In addition, these new hires demonstrate the firm's ability to attract the industry's top talent. We will continue to look for opportunity in attracting solid producers as our industry continues to contract."
David Clifford comes to Stone & Youngberg from Barclays Capital, where he was a director of securitized product sales, specializing in mortgage-backed security products. As a managing director in the Taxable Fixed Income Group, Clifford will build out the taxable team and drive sales for the division. A top producer at Barclays, he brings more than 20 years of sales, training and management expertise to the firm, with prior positions at Bank of America, Prudential Securities, and Smith Barney. He holds a B.A. in economics from Hamilton College.
Eric Saucier also comes to Stone & Youngberg from Barclays Capital, where he was responsible for marketing and selling fixed income structured products to institutional clients. He brings a wealth of experience to the firm, with prior positions at Credit Suisse in New York as well as Sovereign Bancorp in Boston. Saucier holds a B.A. in economics from Colby College as well as an M.B.A. from Georgetown University.
Stone & Youngberg, founded in 1931, is one of the oldest private investment banks operating in the U.S. The firm offers underwriting, advisory, and investment services across the country to state and local governments, non-profit organizations, and institutional and private investor clients through its offices in San Francisco, Los Angeles, San Diego, and Big Bear Lake, CA, and in New York, Chicago, Phoenix, Richmond, VA, and Annapolis, MD.
For more information on the Stone & Youngberg, visit www.syllc.com.
About Stone & Youngberg: Stone & Youngberg Holdings LLC is a financial services company providing a range of products and services through three subsidiary businesses. Stone & Youngberg LLC, founded in 1931 and member FINRA/SIPC, specializes in the origination and sale of fixed-income securities. The firm led or co-managed the sale of 214 municipal bond issues totaling $4.7 billion in 2007.¹ In addition to bond underwriting and sales, Stone & Youngberg provides investment services to individuals, institutions, and government agencies and offers a wide variety of tax-exempt and taxable securities. S&Y Capital Group LLC is a private real estate investment, development, and consulting company.
Stone & Youngberg is headquartered in San Francisco with offices in Los Angeles, San Diego, New York, Chicago, Phoenix, Richmond, VA, Annapolis, MD, and Big Bear Lake, CA. Additional information is available at www.syllc.com or by calling 800-447-8663.
¹ Based on number of bond issues 2003-2007, Thomson Reuters 2008