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Jefferies to Focus on Mining With First Canadian Office

Jefferies Group Inc. has opened its first Canadian office in Toronto, with former Credit Suisse Group AG investment banker Steven Latimer leading its focus on mining for the New York-based firm.

“Initially we’re going to be focused on metals and mining, but clearly we are going to build this business around the core competencies and strengths of Jefferies,” Latimer, head of Canadian investment banking, said today in a phone interview.

Jefferies may bring some of its global industry practices including energy, health care, technology, chemicals and renewable energy to its Canadian operations, Latimer said.

“We are very excited about Canada; it’s a very important market any way you look at it,” he said. “We’re going to be building this business and we look forward to serving our clients with global capabilities and ideas.”

Latimer has more than 22 years experience, most recently as head of Canadian metals and mining investment banking for Zurich-based Credit Suisse in Toronto, the firm said in a statement. He spent 15 years working as an investment banker for UBS Securities in Toronto and Calgary.

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