James N. Augustine, Jr. has joined Stifel Nicolaus as COO of its Institutional Group's Fixed Income Division. Augustine, who has been with Morgan Keegan and Bear Stearns, was previously head of the Fixed Income Department at Raymond James. He was named to that post last April.
“With the Raymond James acquisition of Morgan Keegan, I was removed from my position as the head of fixed income and was not retained by Raymond James,” Augustine tells On Wall Street. “As I spoke with potential employers, Stifel Nicolaus stood out because of the firm's reputation, capital and breadth of resources. Stifel Nicolaus has a substantial fixed income franchise, poised for growth.”
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