CHICAGO — St. Louis-based Stern Brothers & Co. is bulking up its staff with additional bankers and sales professionals.

The majority woman-owned firm has hired Thomas Nesbitt, Ronald Rumack and Philip Smith as managing directors. It also added Carl Means and Laurence White as vice presidents in the firm's institutional sales group. All will work in the firm's St. Louis office with the exception of Means, who will work out of Kansas City.

"They will focus on providing customized financial solutions for public sector clients in the southern and eastern regions of the country," the firm said in a statement.

Nesbitt has worked in public finance banking for more than 18 years covering borrowers in several states in the south, including Alabama, Georgia, Tennessee, Louisiana and Florida.

Rumack has more than 25 years of experience and previously worked with Sumitomo Mitsui Banking Corporation as a senior vice president. Smith joined Stern from Rice Financial Products Co. where he worked with large governmental issuers.

Means previously worked D.A. Davidson & Co. and White came from George K. Baum & Co.

The firm employs a total of 64 employees in offices in Atlanta, Chicago, Cleveland, Denver, Houston, Kansas City, Los Angeles, New York City, San Francisco, Seattle, St. Louis and Tampa.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.