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Hovde adds i-bankers to launch specialty finance practice

Former Houlihan Lokey Inc. and Milestone Advisors LLC investment bankers Tim Stute and T.J. Humes have joined Hovde Group LLC and will help launch a specialty finance practice at the company.

Stute is taking the role of managing director and head of specialty finance, while Humes is a director. The specialty finance team will be based in McLean, Va., which is a new office for the Inverness, Ill.-based Hovde.

Stute and Humes will look to originate and execute M&A and capital markets engagements for a variety of clients including commercial, consumer, mortgage and small-business finance companies and financial technology companies.

Hovde had previously been focused on banks and thrifts, but the company has been expanding its offerings. For instance, Hovde launched equity research coverage in 2014.

Stute and Humes moved to Houlihan Lokey after the company acquired Milestone in 2012. Stute joined Milestone in 2001 and was a principal at the company.