Jefferies Adds McDermott, 18-Year Morgan Stanley Muni Bond Vet

Jefferies Group LLC hired J.R. McDermott, Morgan Stanley’s former head of short-term municipal bond underwriting and trading and an 18-year veteran of the firm. 

McDermott was hired as a managing director this week, according to his LinkedIn Corp. page. He previously led Morgan Stanley’s secondary trading and risk desks. He left Morgan Stanley in 2015.

Jefferies spokesman Richard Khaleel declined to comment.

McDermott is a 1989 graduate of Skidmore College.

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