CHICAGO - Its hiring spree continuing, St. Louis-based Stern Brothers & Co. announced late last week that the father-son institutional sales team of Thomas and John Shapiro joined the firm to open a second Chicago-area office while Benjamin Forrest joined the firm as an investment banking analyst in Los Angeles.

The Shapiros joined as vice presidents. They will open an office for the firm in south Chicago. The firm currently operates an office in downtown Chicago. Thomas Shapiro, a 40-year veteran of the financial industry, previously worked at the former A.G. Edwards & Sons, now Wachovia Securities LLC, where he spent 13 years as the director of institutional municipal sales covering top tier accounts in the Midwest and East Coast.

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