Mar. 18, 2010 (Business Wire) -- Stone & Youngberg, a leading financial services firm and the nation’s top underwriter of California and Arizona municipal bonds1, announced today that it has moved its New York operations into premium office space in the iconic Lever House building in Midtown Manhattan. The new Park Avenue address doubles the firm’s Northeast footprint, allowing for continued growth in this key region of the U.S. Stone & Youngberg’s New York office is the firm’s second largest office outside of its San Francisco headquarters. Over the past two years, the firm has aggressively expanded its Northeast business by hiring key new personnel in public finance banking, underwriting, and sales as well as opening a new office in Albany, NY. In addition, the firm completed landmark financings including the recent $145 million Harbor Point smart growth project in Stamford, Connecticut. The new office will include Public Finance, Municipal Sales and Trading and Taxable Sales & Trading Groups.
“The new space will allow us to continue to grow the firm’s New York presence, offering Northeast clients the same high level of service and expertise that our clients in the West have enjoyed for decades,” said Ken Williams, President and CEO of Stone & Youngberg. “It is also a testament to the firm’s long-term commitment to serving the Northeast region.”
Stone & Youngberg’s new office address is Lever House, 390 Park Avenue, 15th Floor, New York, NY 10022. The Public Finance Group can be reached at 212-497-7100; the Municipal Sales and Trading Group can be reached at 888-678-4849; and the Taxable Sales and Trading Group can be reached at 866-332-9740.
Lever House, designated an official New York City landmark, was designed by Gordon Bunshaft of Skidmore, Owings and Merrill in 1951 and is the quintessential glass box International style skyscraper. This Modernist masterpiece was originally the American headquarters of the British soap company Lever Brothers. Recently renovated, it features an innovative courtyard and public space, along with marble benches, an Isamu Noguchi sculpture garden, Casa Lever restaurant, and a public art gallery in the building’s lobby and plaza.
Stone & Youngberg, founded in 1931, is one of the oldest private investment banks operating in the U.S. The firm offers underwriting, advisory, and investment services across the country to state and local governments, non-profit organizations, and institutional and private investor clients through its offices in San Francisco, Los Angeles, San Diego, New York, Chicago, Phoenix, Albany, NY, Richmond, VA, and Annapolis, MD.
For more information on the Stone & Youngberg, visit www.syllc.com
About Stone & Youngberg: Stone & Youngberg Holdings LLC is a financial services company providing a range of products and services through two subsidiary businesses. Stone & Youngberg LLC, founded in 1931 and member FINRA/SIPC, specializes in the origination and sale of fixed-income securities. The firm led or co-managed the sale of 945 municipal bond issues totaling $20.6 billion over the past five years.1 In addition to bond underwriting and sales, Stone & Youngberg provides investment services to individuals, institutions, and government agencies and offers a wide variety of tax-exempt and taxable securities. S&Y Capital Group LLC is a private real estate investment, development, and consulting company.
Additional information is available at www.syllc.com or by calling 800-447-8663.
¹ Based on number of bond issues 2005-2009, Thomson Reuters 2010
