Stifel, Nicolaus & Co. has hired Elizabeth Caputo, an investment banker with experience on political campaigns, for its New York City office.

She will serve as a vice president covering Northeast issuers with a focus on New York State and New York City.

As a vice president at Morgan Stanley from 2006 to 2008 she covered the Empire State Development Corp., the Metropolitan Transportation Authority, and New York State Thruway Authority.

Her public finance career began at Goldman, Sachs & Co where she was a municipal finance analyst after earning her undergraduate degree from Harvard College in 1994. She returned to Harvard, earning an MBA in 1999.

Caputo worked on former state Comptroller Carl McCall's 2002 gubernatorial campaign and later on Gen. Wesley Clark's 2004 presidential campaign as political director for the Northeast. She most recently served as chairwoman of the Democratic Leadership for the 21st Century, an organization that sponsors political forums and debates.

"Given the economic climate that we're living in now, having people who have bridged both worlds and bring an understanding of finance into government and who also bring into finance the understanding of how politics works becomes even more important," Caputo said.

The St. Louis based-Stifel opened its New York City office in January. Senior vice president of public finance Frank Oh said the three-person office will soon add on a second analyst and expects to expand to five or six people.

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