Jefferies Launches Canadian Investment-Banking Unit
Jefferies announces the launch of its Canadian investment-banking unit in Toronto, offering a range of investment-banking and capital-markets services to its Canadian corporate, institutional, and government clients. Learn more about Jefferies' expansion into the Canadian market and its commitment to providing top-notch financial services.
Jefferies Financial Group is making a significant move in its international expansion efforts by launching an investment-banking unit in Canada. The company announced on December 4th that it will provide investment-banking and capital-markets services to its corporate, institutional, and government clients in Canada. The new office in Toronto is expected to employ over 40 professionals across various areas such as investment banking, equity research, and sales and trading.
This expansion comes on the heels of Jefferies' recent establishment of an office in São Paulo in July, as well as an expanded partnership with Japan’s Sumitomo Mitsui Financial Group Inc. in April. The New York-based firm has been actively recruiting senior bankers and expanding its global presence in response to a slowdown in deals.
The Canadian investment-banking unit will be led by former Barclays PLC executives, with Bruce Rothney serving as CEO and John Manley as chairman. Ron Lloyd and Trond Lossius will act as deputy chairmen, with Lossius also heading up mergers and acquisitions. Erik Charbonneau has been appointed as the head of investment banking, while Jacquelyn Titus will lead the financial-institutions group. James McKenna will oversee the technology, media, and telecommunications group, as well as diversified industrials.
Rothney expressed confidence in the Canadian market, citing the country's fast-growing economy and standout sectors such as technology, healthcare, financial services, energy and power, telecom and media, and consumer industries. Jefferies, founded in 1962 as a single office in Los Angeles focused on trading institutional equities, now operates in over 40 offices across the Americas, Europe, the Middle East, and Asia, offering a wide range of services including investment banking, equities, fixed income, asset management, and wealth management.
Jefferies Financial Group's decision to launch an investment-banking unit in Canada reflects its commitment to expanding its global footprint and seizing new opportunities in the face of a challenging market environment.
Jefferies Launches Canadian Investment-Banking Unit
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