Citigroup Debt-Sales Team Defects to Sterne Agee After Pay Shift
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Sterne Agee & Leach Inc., the Alabama-based brokerage, hired five credit salespeople from Citigroup Inc. after the third-largest U.S. bank stopped paying them commission on what they earned for the firm.
Edward LaScala, who started his career at the former Salomon Brothers in 1984, Cindy Hellman, a 27-year veteran of Citigroup and its predecessors, Mike Maresca, Paul Cappelli and Christopher Sanford, have joined Sterne Agee in New York, according to a new-hire announcement from the Birmingham, Alabama-based firm.