Jefferies Hires Again, Expanding Industrial Coverage With Nesvold, Graham
Stock Chart for Jefferies Group LLC (JEF)
Jefferies Group Inc., a New York- based securities firm that is expanding investment banking, trading and securities research, added two stock analysts to cover industrial companies.
H. Peter Nesvold, 39, recently at Lazard Asset Management LLC and formerly at Bear Stearns Cos., will lead a team covering automotive and transportation companies and R. Scott Graham, 48, formerly of Boenning & Scattergood Inc., will cover diversified industrials, according to Steven R. Black, global head of equity research at Jefferies.
The company has increased staff by 30 percent in 20 months to 2,971 in a drive to profit from a recovery in the financial services industry. The new hires bring to 12 the number of analysts covering industrial companies.
Jefferies wants to recruit analysts in Europe and Asia to cover industrial companies, Black said. “Our strategy is to go deep and broad into a sector with coverage across a broad range of market capitalizations,” he said today in a telephone interview.
In August, Jefferies said it had added investment bankers Robert A. Arrieta, formerly of JPMorgan Chase & Co., and Robert A. Bayer Jr., formerly of Bank of America Merrill Lynch, to its global industrials group.
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