CHICAGO — Two former Raymond James & Associates Chicago bankers have resigned to join Stifel, Nicolaus & Co. with the goal of bolstering the firm's business with big issuers in Illinois and complementing its Midwestern and national public finance practice as it seeks to expand its fixed-income business.

Omar Daghestani and Jeremy Newtson recently resigned from the St. Petersburg, Fla., firm now known as Raymond James/Morgan Keegan and will start at St. Louis-based Stifel in Chicago, once their garden leave expires in the coming weeks. Daghestani joins as a senior vice president-managing director and Newtson joins as a first vice president.

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