St Louis, MO-headquartered Stifel has hired Michael Sullivan as managing director of the private client group and eastern region director of its broker-dealer subsidiary, Stifel, Nicolaus & Co.

St Louis, MO-headquartered Stifel has hired Michael Sullivan as managing director of the private client group and eastern region director of its broker-dealer subsidiary, Stifel, Nicolaus & Co.

Sullivan joins Stifel from Merrill Lynch, where he began his career in 1984 as a financial advisor.

At Merrill Lynch, he helped establish the firm’s high net worth private client segment and was co-founder and head of a private banking and investment group called Private Executive Services. He also served as managing director and head of the firm’s cross-organizational client coverage group/global client coverage.

Sullivan will be based in Stifel’s private client group office in Garden City, New York, but he will also have an office in Midtown Manhattan.