Jefferies Global Mining Head Bacchus Said to Step Down From Role

Jefferies Group’s Peter Bacchus stepped down from his role as global head of metals and mining and co-head of European investment banking, a person familiar with the move said.

Bacchus, 47, a managing director who joined Jefferies in London five years ago from Morgan Stanley, is taking a senior advisory role at the New York-based firm and won’t be replaced, said the person, who asked not to be identified discussing personnel. Dominic Lester will be sole head of European investment banking, the person said.