Investment bank wraps up major tech overhaul after Covid-19 setback

Stifel Europe weathered 2020 volatility and switched vendors in looking to simplify its middle- and back-office functions and increase tech investment.


Major technology overhauls like replacing middle- and back-office functions are complex beasts to tackle at the best of times, but trying to complete this kind of project in the midst of a pandemic comes with a host of new challenges. John Owen, COO at mid-market investment bank Stifel Financial, learned this the hard way. In March 2020, Stifel was just a month away from going live with the first stage of its implementation of Torstone Technology, consolidating its middle-office and post-trade

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