- Bank laying off LatAm traders, sales people, strategists
- Siobhan Morden said to be among those leaving Jefferies
Jefferies Group LLC is firing nine people from its Latin America group as the bank acquires a team from Nomura Holdings Inc. to fill the roles, according to a person with knowledge of the matter.
Jefferies is dismissing traders, sales people and strategists who focus on Latin America and replacing them with a larger group coming from Nomura, said the person, who asked not to be identified because the matter is private. New York-based Jefferies, which is owned by Leucadia National Corp., declined to comment in an e-mail. Earlier Tuesday, the New York Post reported about 10 people had been cut.
The dismissals come almost two months after Bloomberg reported that Nomura’s New York-based team, led by Latin America credit trading head Adam Groothuis, was in talks to join Jefferies in a similar role, and that as many as seven other people may be included in the move. Records from the Financial Industry Regulatory Authority show that emerging-market credit salesmen Alexander Atallah and John Salvesen left the Tokyo-based bank this month. Attalah and Salvesen didn’t immediately reply to e-mails seeking comment.
The departures from Jefferies include Latin America fixed-income strategy head Siobhan Morden, who had been at the bank for almost four years covering Argentina, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and Venezuela. She left the firm Monday, according to a person with knowledge of the matter.