CHICAGO - Continuing the spree it began last month, St. Louis-based Stern Brothers & Co. has announced hiring Marvin Anderson, who had managed the municipal and corporate syndicate areas for Wachovia Securities LLC in St. Louis.

Anderson, 42, started with Stern in its investment banking group earlier this month as a senior vice president. Anderson spent 15 years at the former A.G. Edwards & Sons Inc., which was acquired by Wachovia last year. He began his career as a corporate and public finance banker before moving up into managerial roles in sales and marketing and capital markets at A.G. Edwards.

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