Stifel Financial Corp. (NYSE: SF) announced the launch of a project finance platform targeting energy and infrastructure sectors. The initiative is led by managing directors Bret Turner and Sayoji Goli, who joined from First Citizens Bank.

Turner previously founded and developed the project finance platform at Silicon Valley Bank before its acquisition by First Citizens Bank. The new platform aims to finance commercial technologies in infrastructure assets through various solutions including development loans, construction-to-term loans, interest rate swaps, and investment banking advisory services.

The project finance offering complements Stifel's existing Energy Tech and Deep Tech teams. The platform is designed to support companies scaling proven commercial technologies in established and emerging infrastructure assets.

"These key hires significantly enhance Stifel's ability to finance infrastructure across the energy and industrial sectors," said Chris Reichert, Stifel Bank CEO. The platform integrates with Stifel's venture banking, fund banking, and capital markets capabilities.

Turner noted that electrification and digitalization are creating infrastructure demands requiring significant capital investment. The platform allows the team to bring structuring and execution experience across established and emerging technologies to Stifel's client base.

Stifel Financial Corp. is a diversified financial services firm providing wealth management, commercial and investment banking, trading, and research services. Founded in 1890 and headquartered in St. Louis, the firm operates more than 400 offices across the United States and in major global financial centers.