Jefferies Is Hiring 10 Investment Bankers for India Expansion

Share

Share

(Yahoo! Finance) —  an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.

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.

Share

Latest

Related Content

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.

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

      Error: Contact form not found.

      The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

      COVID-19
      Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

      Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

      The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

      Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

      Request Nomination Pack

      Error: Contact form not found.