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Jefferies Hires Burns From Goldman Sachs for Leveraged Finance

Jefferies Hires Burns from Goldman Sachs for Leverage
Jefferies Group Inc., the investment bank that’s been expanding since the financial crisis, hired Christopher Burns as a managing director in the firm’s leveraged finance investment-banking group. Photographer: F. Carter Smith/Bloomberg

Aug. 31 (Bloomberg) -- Jefferies Group Inc., the investment bank that’s been expanding since the financial crisis, hired Christopher Burns as a managing director in the firm’s leveraged finance investment-banking group.

Burns was previously co-head of industrials leveraged finance in the investment-banking division of Goldman Sachs Group Inc., New York-based Jefferies said today in a statement. He worked in mergers and acquisitions investment banking at Merrill Lynch & Co. and was a senior underwriter in structured finance at Fleet Boston Financial, according to the statement. Burns will be based in New York.

Jefferies has been adding managing directors from some of the biggest U.S. banks. In June, Jefferies said it hired Brian Chadwick from Goldman Sachs as a managing director for U.S. rates sales. The firm said this week it added David Luse in the financial sponsors investment-banking group from Bank of America Corp. Revenue in Jefferies’s investment-banking unit reached a quarterly record in the three months ended May 31, increasing 28 percent to $328.4 million.

“The addition of Chris Burns and his significant leveraged-finance experience and client relationships in the industrials sector is part of our ongoing strategy to build on this momentum and provide best-in-class execution to our clients,” Benjamin Lorello, global head of investment banking and capital markets at Jefferies, said in the statement.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net.

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.

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