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Sterne Agee adds new head for depository investment banking

US based privately-owned investment banking and brokerage firm Sterne, Agee & Leach has appointed Daryle DiLascia as the new senior managing director in charge of depository investment banking affairs for financial institutions and investment banks.

Working from the company’s New York office, DiLascia will also oversee the firm’s depository investment banking initiatives.

Prior to accepting the current role, he was working with Keefe Bruyette & Woods (KBW) as executive vice president & co-head of equities.

Having spent over 16 years with KBW, he spent the past five years focused on capital raising, primarily within the regional and community banking sector.

He was involved in private placement transactions, including recapitalizations and opportunistic capital related to mergers, acquisitions and FDIC-assisted deals.

Commenting on the DiLascia appointment, Sterne Agee equity capital markets executive managing director Ryan Medo said that DiLascia deep experience and business intelligence will benefit its existing and future clients.

Formed in 1901, Sterne Agee Group employs 1,300 staff in 47 offices in 22 states and offers various financial services through its subsidiaries.