Stern Brothers & Co.
8000 Maryland Avenue
St. Louis, MO 63105
Lester H. Krone, who joined Stern Brothers & Co. in 2009, is a Managing Director and Co-Head of the firm’s Cleantech Energy & Infrastructure group. Prior to joining Stern Brothers & Co., he was a Managing Director with the Energy and Power Investment Banking Group with Wachovia Securities, previously A. G. Edwards & Sons, Inc. where he was a Managing Director and head of the Utility Group. Under his leadership the Utility Group helped to raise over $30 billion for more than 70 different clients in the investor-owned electric, gas and water utility industries. He joined A. G. Edwards in 1987 where he played a key role in establishing the Utility Group which served U. S. investor-owned electric, gas and water utilities. In addition, Les became one of the country’s leading bankers in the water utility industry, with over 30 significant capital-raising and M & A assignments.
Les received his MBA from Harvard Business School and has a MS in Civil Engineering from Washington University in St. Louis, as well as a BS in Architectural Engineering from the University of Colorado. He holds Series 7, 79 and 63 securities licenses, and is a registered professional engineer in Missouri.