Stifel Financial Corp. announced that Joseph Sullivan, a director of the firm and head of fixed-income capital markets for the company’s principal subsidiary, Stifel, Nicolaus & Co. will resign  from these posts to become chief administrative officer of Legg Mason.

Sullivan joined Stifel in December 2005 in connection with the company’s acquisition of the investment banking, research, institutional equity, and fixed-income capital markets businesses of Legg Mason.

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