Jefferies Said to Hire BNP’s Bass in Fixed-Income Role

Jefferies LLC, the investment bank owned by Leucadia National Corp., hired BNP Paribas SA’s Jon Bass for a senior role in fixed-income sales, according to two people with knowledge of the matter.

Bass left BNP Paribas’s New York office, where he was deputy head of fixed income, Cesaltine Gregorio, a spokeswoman for the Paris-based lender, said in an e-mail. Bass didn’t immediately respond to an e-mail and call to his mobile phone.

Richard Khaleel, a Jefferies spokesman, said he couldn’t comment on the move.

Jefferies has made several changes to the leadership of its debt unit this year. It hired Fred Orlan from Barclays Plc to help run the fixed-income group as a former co-head, William Jennings, resigned.

The firm is now hiring Bass, 51, who traded debt five seats from Salomon Brothers Inc. Chairman John Gutfreund and later helped run fixed income at UBS AG, where he also was an investment-bank board member.

Before Bass joined BNP, he headed institutional sales and fixed income at MF Global Holdings Ltd. until the broker collapsed in October 2011.

Jefferies, which is led by Richard Handler, is the 13th most-active manager of U.S. high-yield bond sales this year, compared with 12th place last year, according to data compiled by Bloomberg.

Leucadia agreed to buy Jefferies in 2012 and made Handler, who was running the investment bank, CEO of the combined company.

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