stanford financial

Laura Pendergest-Holt, Chief Investment Officer

James Davis, CFO, Stanford International Bank

Stanford Trust Company Industry Global financial services Services Wealth management Owner Sir Robert Allen Stanford Divisions Stanford Capital Management

Stanford Group Company

Stanford International Bank Ltd Website http://www.stanfordfinancial.com/

The Stanford Financial Group, based in Houston, Texas, United States, is a privately-held conglomerate of independent, affiliated financial services companies with 30,000 clients[1] in more than 50 offices[2] in 136 countries on six continents. It is led by Chairman and CEO, Sir Robert Allen Stanford, a billionaire financier. Headquartered in Uptown Houston,[3] it oversees approximately US$50 billion of assets. On February 17, 2009, U.S. Federal agents put the company under management of a receiver, because of charges of fraud.[4][5] Contents [hide] 1 History 2 Affiliated companies 3 Sponsorships and philanthrophy 4 Regulatory investigation 5 References 6 External links //

History

The company was founded in 1932 in Mexia, Texas by Stanford's grandfather, Lodis B. Stanford.[6][7][2] Lodis was a barber who started up an insurance company during the Great Depression.[8]

In the early 1980s, Allen Stanford expanded the firm in Houston, beginning with real estate.[2] In 2008, Stanford Financial Group announced it would open a new global management complex in St. Croix, U.S. Virgin Islands, to include the base for the corporate support functions such as business technology, compliance, finance, human resources, investment strategy and legal, as well as the chairman's office. Completion was planned for July 2009.

Affiliated companies

Stanford Financial Group is comprised of several affiliated companies: Stanford Capital Management, investment adviser, based on Houston[1] Stanford Group Company, broker-dealer, based in Houston Stanford International Bank, was started in 1986 in Montserrat where it was called Guardian International Bank. Allen Stanford relocated its operations to Antigua.[9] The bank's portfolio is overseen by an investment committee consisting of Allen Stanford; his father; Laura Pendergest-Holt, Stanford Financial Groups' Chief Investment Officer; James Davis (Allen Stanford's college roommate), CFO of Stanford International Bank; and a resident of Mexia with cattle ranching and car sales experience.[10] Stanford Trust Company, helps manage and protect wealth[11][12]

Sponsorships and philanthrophy

In 2007, Stanford Financial Group assumed title sponsorship of the Stanford St. Jude Championship, a top PGA Tour event to St. Jude Children's Research Hospital of Memphis, Tennessee.