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Stonybrook Capital expansion continues with 2 new hires

Stonybrook Capital LLC, a boutique investment bank specializing in the insurance industry, continues to grow with the addition of Todd White and Sara Smith and the promotion of Thomas Deane.

The New York-based firm is expected to announce Deane's promotion and the hiring of White and Smith as early as Jan. 10.

Deane joined Stonybrook as a director in 2017. He was previously a banker with JLT Capital Markets. Earlier he worked at Benfield Advisory in London.

White founded Puma Advisors to provide corporate finance, structuring and tax services to re/insurance operations, asset managers and fintech startups. Previously, he worked for Montpelier Reinsurance Group and Flagstone Reinsurance.

Smith is coming to Stonybrook as an associate from JLT Capital Markets, where for two years she has worked as an analyst. Prior to that role she worked at Greenwich Associates.

Founded in 2012 and led by CEO Joseph Scheerer, Stonybrook added several key executives in 2018 and expanded into new areas, including the creation of a risk division under Andrew Downing. The boutique investment bank also bought out one of its seed capital providers, Holborn.