News Formal

Investment banker Stifel closes Calgary office, cuts about 35 staff

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 177%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

The closing is a major symbolic loss to corporate Calgary

is closing its office in Calgary and consolidating its operations across the rest of Canada, the U.S. investment bank said Wednesday, citing the need to cut costs.

“After a thorough evaluation, we have made the difficult decision to consolidate some operations in Canada, which includes closing our Calgary office,” Stifel spokesperson Neil Shapiro said in an e-mail. “Current market conditions and operations costs necessitate this action.

, as Stifel’s office there was previously known as FirstEnergy Capital Corp. FirstEnergy was founded in 1993 by Murray Edwards, billionaire chairman of Canadian Natural Resources Corp.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stifel Shuts Calgary Office, Cuts Investment Bank Jobs in CanadaStifel Financial Corp. closed its Calgary office, ending a run in energy investment banking in Canada’s oil patch, while also laying off some investment bankers and analysts in Toronto.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Opportunity Calgary Investment Fund: Helping Shape Calgary’s Economic FutureThe fund is one of Calgary’s most effective tools to build a diversified and resilient economy.
Source: AvenueMagazine - 🏆 40. / 63 Read more »