Jefferies's Lozano Said to Join Santander Bank for LatAm Tradingby
Lozano left Jefferies last month, to be based in New York
He departed as Jefferies fired staff, brought in Nomura team
Banco Santander SA hired Daniel Lozano, the former co-head of emerging-market fixed income at Jefferies Group LLC, for a senior position in Latin America bond trading, according to a person with knowledge of the matter.
Lozano, who left Jefferies in October as the bank took on Nomura Holdings Inc.’s Latin America group, will begin later this month in Santander’s New York office, said the person, who asked not to be identified because the matter is private.
Santander is Spain’s biggest bank and makes about 40 percent of its profit from Latin America. Ann Davis, a Santander spokeswoman, and Richard Khaleel of Jefferies declined to comment on the move.
Jefferies fired nine traders, sales people and strategists last month from its Latin America group as it took on a team from Nomura led by Adam Groothuis. He will head the New York-based bank’s emerging-market trading unit with Jonathan Joseph, a managing director in sales at Nomura, beginning Dec. 1, according to a person familiar with the matter.
Lozano, a Colombian, joined Jefferies in 2009 and ran its emerging-market desk as managing director with Robert Glass after about four years as a trader at HSBC Holdings Plc. He spent almost three years trading at Royal Bank of Canada and a year at St. Petersburg, Florida-based William R. Hough & Co.
Lozano started his career at the former Asesores en Valores SA brokerage in Bogota in 1994, according to his LinkedIn profile. He holds an MBA from the MIT Sloan School of Management.