Rising star investment banker joins cash-paying small U.S. bank

Nicholas Moore, a former senior vice president at Jefferies, has joined Stifel Financial as a managing director in its healthcare investment banking team.

Named as one of the 40 under 40 rising stars of investment banking in 2013 by Financial News, Moore comes with more than 11 years of experience in the field. Initially, he trained as a surgeon at Trinity College, Cambridge, and Harvard Medical School, but left the medical profession after working two years at Addenbrooke’s Hospital to join Morgan Stanley in 2006.

At Morgan Stanley, he started as an analyst and covered healthcare and pharmaceutical sectors for three years. In 2009, he became an associate at the firm, focussing on healthcare services first, but eventually moving on to cover equity capital markets across different regions.

In February 2011, Moore followed Morgan Stanley’s global head of metals and mining Peter Bacchus to Jefferies. He joined as an associate overseeing European equity capital markets, and within a year he was promoted to vice president's position. He rose to become senior vice president in December 2014, following successful deals such as £1.6 billion capital restructuring of Thomas Cook, stake sales in UK estate agent Countrywide, and Zoetis $2.6 bn IPO by Pfizer.

Based in London, Moore is now back to healthcare services sector at Stifel. The US-based firm has been in the UK for at least 16 years. Given it's still small, it falls outside the Financial Conduct’s Authority’s edicts on pay. It's, therefore, free to pay large bonuses that are entirely comprised of cash. This, together with the MD promotion, may have been part of its appeal for Moore. Stifel has been growing its investment banking presence in London over the past two years. In April 2017 it hired Michael Hart from EY as an MD on its industrials team. In January 2017, it hired Sascha Kroissenbrunner as head of European industrials from Houlihan Lokey.

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