Stephens Inc. hired bank analysts from Piper Jaffray Cos. and made a promotion in its financial institutions group within institutional equity research and sales.
The investment bank hired Matt Kelley as a managing director and financial sector sales specialist from Piper Jaffray. In the equity research team, the company named Matthew Breese a managing director, covering Northeast regional banks; and Broderick Preston an analyst to cover Mid-Atlantic regional banks.
Sources previously told S&P Global Market Intelligence that the trio was set to join Stephens.
Stephens also promoted Gordon McGuire to a research analyst role, expanding the company's bank coverage across the western portion of the U.S.
