Jefferies Said to Hire Five Credit Suisse Technology Bankersby
Leucadia-owned investment bank beefs up San Francisco office
William Brady, Cully Davis among those said to join Jefferies
Jefferies Group, owned by Leucadia National Corp., hired five senior Credit Suisse Group AG bankers as it seeks to expand its investment-banking technology business from San Francisco, according to a person with knowledge of the moves.
William Brady joined the New York-based investment bank Tuesday as vice chairman of Jefferies and chairman of technology investment banking, a new role, according to the person, who asked not to be identified because the hires haven’t been made public. Brady, who was chairman of Credit Suisse’s global technology investment banking group, had been at the Swiss firm for at least 17 years.
Cully Davis, who had been co-head of Credit Suisse’s equity capital markets origination business in the Americas, will be a managing director and vice chairman of equity capital markets at Jefferies, the person said. He will also take on the title of global head of technology investment banking on the West Coast.
With the addition of Brady, Davis and three others from Credit Suisse, Jefferies doubles the number of senior investment bankers in its San Francisco office who focus on technology, the person said. The hires bring the number of Jefferies technology bankers to 71 across six cities, the person said.
Cameron Lester will become one of three global co-heads overseeing technology investment banking along with Phil Berkowitz and Dominic Lester, the person said. Cameron Lester had been head of Internet investment banking at Credit Suisse and will have the same title at Jefferies, the person said.
Jefferies also hired John Metz, who managed Credit Suisse’s enterprise and infrastructure technology investment banking, and Steve West, who was co-head of software investment banking, the person said. Metz and West will both be managing directors.
Elizabeth Rudall, a spokeswoman at Zurich-based Credit Suisse, declined to comment.