BRADENTON, Fla. - Birmingham, Ala.-based Sterne, Agee & Leach Inc. has opened its first public finance office in Florida with two former Wachovia bankers at the helm.

Sterne Agee, which has been on a hiring spree for more than a year, believes the time is right for the move because the regional firm had no exposure to mortgage-backed securities while some larger investment banks that had a foothold in Florida are pulling back on their muni operations.

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.