Stern Brothers bolsters underwriting team

Stern Brothers bolstered its underwriting bench with the addition of Alice Livingston in its Sacramento, California, office.

Livingston joined the firm last week as a managing director.

“Alice is a highly regarded industry professional with a track record of success delivering strategic financial and marketing solutions to clients,” Pepe Finn, Stern’s chief executive officer, said in a statement.

The majority, women-owned firm has 11 offices in addition to its St. Louis headquarters, with others in Atlanta, two in in California, Colorado, Illinois, Indiana, Las Vegas, New Jersey, New York, Oregon, and Texas with a total of 12 bankers and 19 sales professionals.

“The addition of Alice allows the firm to continue its growth and expansion of our municipal banking and underwriting capabilities,” Michael Placencia, Stern’s head of municipal capital markets, said in a statement. “Her focus on underwriting also allows us to further increase our secondary market trading activity, an important component for not only our issuer clients, but also our buy side clients.”

Before Stern, Livingston spent three years at Blaylock Van and before that five years at Backstrom McCarley Berry & Co. and earlier in her career worked on a team of wealth management advisors for high-net-worth clients at Stifel Nicolaus. Livingston has worked with state issuers such as New York, Texas, Illinois and California along with local issuers including the City and County of San Francisco, San Diego, Houston, and New Haven.

“Throughout my career I’ve worked alongside Stern’s municipal banking and underwriting team and have always been impressed with the people,” Livingston said.