Jefferies Is Hiring 10 Investment Bankers for India Expansion



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Jefferies Financial Group Inc. is hiring about 10 investment bankers in India as the US advisory firm looks to beef up its operations in the world’s most populous nation, according to people familiar with the matter.

The New York-based firm is looking to add bankers in ranks ranging from associate to managing director, expanding its team in India to about 25 people, the people said. The new positions will focus on sectors such as infrastructure and industrials, said the people, who asked not to be identified as the information is private.

A representative for Jefferies declined to comment.

Jefferies has been increasing its presence in Asia Pacific, seeking to leverage its stronger position as an advisory firm in other markets such as the US and Europe. It’s among banks that have poached from Credit Suisse’s talent pool after a government-brokered takeover by UBS Group AG that triggered a slew of departures.

Veteran Credit Suisse banker Rizal Gozali is due to start at Jefferies next month, while Credit Suisse’s co-head of Asia Pacific equity capital markets syndicate Felicity Chan is set to join the US firm as well, Bloomberg News has reported.

Jefferies late last year moved its Asia headquarters in Hong Kong to a new office. Besides Mumbai, the US firm also has offices in Beijing, Melbourne, Singapore, Sydney and Tokyo in the region, according to its website.

Jefferies’ plans also come as India emerges as the next potential growth engine for bankers and investors with dealmaking in China slowing significantly on economic concerns and geopolitical tensions. Singapore’s Temasek Holdings Pte plans to commit as much as $10 billion to India in three years and hire another four to five investment professionals, its India head Ravi Lambah said in an interview last month.



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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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