NEW YORK, Nov. 2 (Reuters) – Jefferies Financial Group (JEF.N) has recruited senior bankers from competitors such as JPMorgan Chase & Co (JPM.N) and Barclays PLC (BARC.L) to strengthen its banking unit investment, according to an internal memo seen by Reuters on Tuesday.
Matthias Kristol will join Jefferies as Global Head of Wealth & Asset Management Investment Banking, while Aaron Bruker will join the bank as Head of Sidecars and Third Party Capital. Both are based in New York City, according to the memo, the contents of which have been confirmed by a spokesperson for Jefferies.
Kristol previously worked at JP Morgan, where he led the bank’s asset management, financial technology and wealth management teams. Bruker was the private equity head of the Financial Institutions Group (FIG) at Barclays.
Register now for FREE and unlimited access to Reuters.com
Register
Jefferies made a wave of executive hires to his FIG team in 2021, with the aim of capitalizing on record levels of mergers and acquisitions by companies positioning themselves for the post-pandemic world. Read more
The hires included Alejandro Przygoda, who has been appointed FIG Global Manager, and Armando Rubio-Alvarez, who has been appointed FIG Franchise Manager for Europe, Middle East and Africa (EMEA). Both joined Jefferies after holding senior positions at Credit Suisse Group (CSGN.S). Read more
Since the summer, Jefferies has doubled the size of its FIG franchise to more than 70 bankers worldwide, according to Tuesday’s memo.
Also joining Jefferies Andres Espinos as vice president based in Madrid and Kush Patel as partner in New York, the memo added. Espinos’ most recent position was at Banco de Sabadell (SABE.MC), according to his LinkedIn profile.
Register now for FREE and unlimited access to Reuters.com
Register
Report by David French in New York Editing by Karishma Singh
Our standards: Thomson Reuters Trust Principles.