CHICAGO — Stern Brothers & Co. last week announced the opening of a Houston office and the hiring of an analyst at its St. Louis headquarters to replace Brian Tournier, a 20-year veteran who recently moved over to fixed-income investment manager Ascent Investment Partners to lead its new research efforts.

To fill the void left by Tournier, Stern hired Joseph Riley, formerly a senior analyst at Edward Jones in St. Louis. Riley joins as a vice president of credit analysis and research. As part of its steady expansion, Stern also announced the opening of a new Texas office and the hiring of Michael Davis as a managing director there.

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