StoneX Expands Fixed Income Capabilities with SBA Loan Sales and Trading

NEW YORK, April 5, 2024 – StoneX Financial Inc., a subsidiary of StoneX Group Inc. (the “Company”; NASDAQ: SNEX), today announced the launch of its U.S. Small Business Administration (SBA) loan sales and trading offering, a new capability within StoneX’s ongoing expanding fixed income business.

Supporting this expansion, StoneX hired industry veteran Karen Bean, as Director, who brings more than 20 years’ experience in SBA loan origination services and previously served as a Vice President at Flagstar Bank (formerly Signature Bank).

Bean joins a team comprised of seasoned SBA and CMBS traders, including Nick Sferrazza, CFA, Executive Director, and Jesse Eisen, Managing Director, from the robust StoneX Agency Mortgage desk, led by Matthew Johannes, Managing Director and Head of Agency MBS Trading.

“Adding this capability further demonstrates our commitment to best serve regional bank lenders and portfolio managers,” said Sferrazza. “We are excited to continue to build our presence in this space with valuable products and services designed for the SBA marketplace and our core fixed income clients.”

StoneX's Fixed Income division caters to institutional clients across various sectors of the financial services industry, such as money managers, hedge funds, insurance companies, municipalities, banks, and other entities. Leveraging a broad distribution platform and advanced trade capabilities, the division ensures reliable liquidity provision across a diverse range of fixed income products.

StoneX received its SBA 7(a) Loan Pool Assembler license in February of 2024.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-500 company headquartered in New York and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its over 4,300 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across five continents. Further information on the Company is available at:

StoneX.com

See why StoneX is a partner of choice

Have questions about our products or services? We're ready to help.

Start a conversation

StoneX: We open markets

Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.

Globality

With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
Transparency

As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
Expertise

From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.

Tell us about yourself. Are you a:

First name

Last name

Company

Country

Province/Region

By submitting this form, you are sending StoneX Group Inc. and its subsidiaries your personal information to be used for marketing purposes. View our Privacy notice to learn more.

First name

Last name

Company

Account number

Account holder name (if different from above)

By submitting this form, you are sending StoneX Group Inc. and its subsidiaries your personal information to be used for marketing purposes. View our Privacy notice to learn more.

The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.

This website is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure section for entity-specific disclosures.

No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.