Stifel Hires Former LKQ CEO Rob Wagman as Senior Advisor to Augment Investment Banking Team

Rhea-AI Summary

Stifel Financial Corp. (NYSE: SF) announced the hiring of Rob Wagman, former President and CEO of LKQ Corp., as a senior advisor. Wagman will support Stifel’s investment banking team, leveraging over three decades of experience in the automotive and industrial sectors. His past achievements include growing LKQ into a $12 billion market leader and facilitating over 260 global transactions. Stifel anticipates that Wagman will enhance its industry insights and advisory capabilities, aligning with their strategic goals.

Positive

• Rob Wagman's extensive experience in the automotive sector may enhance Stifel's investment banking capabilities.
• The hiring of Wagman reflects Stifel's commitment to strengthening its advisory services.

Negative

• None.

ST. LOUIS, June 29, 2020 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the hiring of Rob Wagman, former President and CEO of LKQ Corp. (NYSE: LKQ), as a senior advisor. He will primarily work with Stifel’s growing investment banking team, which includes a diverse group of senior investment bankers covering all facets of the global automotive, mobility, capital goods, auto aftermarket, and auto technology sectors. Mr. Wagman currently serves as a board member to a number of leading automotive aftermarket and industrial companies and brings to Stifel more than three decades of experience as a senior executive.

Prior to his retirement in 2017, Mr. Wagman grew LKQ into a global market leader with a $12 billion market capitalization. During his tenure at LKQ, Mr. Wagman helped complete over 260 transactions in all parts of the world, establishing the firm as the leading distributor of aftermarket and recycled parts to the North American collision sector. Additionally, he led LKQ’s expansion into the European repair and maintenance segment through several strategic acquisitions, while also establishing a leading presence in the North American enthusiast products segment. Earlier in his career, Mr. Wagman held senior roles at Copart (NasdaqGS: CPRT), the leading salvage vehicle auction company in North America. 

“Rob is a tremendous addition to our investment banking practice,” said Brad Raymond, Global Head of Investment Banking at Stifel. “Rob brings a wealth of talent and experience that align with our goal to marry industry depth with our advisory and capital markets capabilities. We expect Rob to play a critical role in supporting our investment banking practice and are excited to have him on our team.”

Stifel Company Information

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC and Century Securities Associates, Inc. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities.  Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions.  Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services.  To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/docs/pdf/pressreleases/press-release-disclosure.pdf.

Media Contacts
Neil Shapiro, (212) 271-3447
shapiron@stifel.com 

Jeff Preis, (212) 271-3749
preisj@stifel.com 

FAQ

What role will Rob Wagman play at Stifel Financial Corp.?

Rob Wagman will serve as a senior advisor, primarily supporting the investment banking team.

What experience does Rob Wagman bring to Stifel Financial Corp.?

Wagman brings over 30 years of experience, including his leadership role at LKQ Corp., where he oversaw significant growth and numerous transactions.

How might Rob Wagman's hiring impact Stifel Financial Corp.'s investment banking team?

Wagman's hiring is expected to enhance Stifel's industry knowledge and improve its advisory and capital markets services.

What are some achievements of Rob Wagman during his time at LKQ Corp.?

At LKQ, Wagman helped grow the company into a $12 billion market leader and completed over 260 transactions globally.