Stifel CEO Sees Hiring Opportunities Amid Banking-Industry Woes

Stifel Financial Corp. Chief Executive Officer Ron Kruszewski said his firm expects to continue hiring as turmoil within the banking system creates chances for snapping up talent.

“We’re viewing this as the ability to build an ongoing, sustainable business that provides financial services to the innovation ecosystem,” Kruszewski said in a phone interview Thursday after his company said in a statement it had hired three bankers from SVB Financial Group’s Silicon Valley Bank.

Stifel isn’t the only firm seizing on the chance to expand following the back-to-back failures of SVB and Signature Bank as well as UBS Group AG ...