Jefferies Said to Hire Lazard’s Hasiotis as Seagrave Leaves

  • Ex-Lazard banker to be international head, financial sponsors
  • Investment bank also hires David Brooks and Markus Pressdee

Jefferies Group hired Fotis Hasiotis and two other senior bankers for its European team this week as it looks to boost business outside the U.S., according to a person briefed on the matter.

Hasiotis, 49, joined Jefferies as international head of financial sponsors from Lazard Ltd., where he had a similar role, said the person, who asked not to be identified discussing hiring decisions. He replaces James Seagrave, co-head of Jefferies’s financial sponsors coverage team in London who’s leaving to pursue other opportunities, the person said. Hasiotis left Lazard in March, said Richard Creswell, a spokesman for that firm.

Jefferies, owned by New York-based Leucadia National Corp., is growing in Europe as some foreign competitors retrench. Barclays Plc Chief Executive Officer James “Jes” Staley warned last month that shrinking European banks are losing share in their markets to what he called “American dominance.” Staley blamed European banks’ troubles on new regulations, low interest rates and costs arising from past misdeeds.

Jefferies, led by CEO Richard Handler, has expanded European investment banking “every year for the last five years,” Dominic Lester, head of the unit, said in an e-mailed statement. “During this time frame, our European investment-banking revenues have doubled.” Richard Khaleel, a Jefferies spokesman, said the bank doesn’t disclose investment-bank revenue by geography.

Europe, Asia

Hasiotis had headed Bank of America Corp.’s financial sponsors group for Europe, the Middle East and Asia before joining Lazard. He will oversee relationships with buyout firms in Europe and be responsible for developing them in Asia, the person said. Michael Magliana, who had run the group along with Seagrave, will continue to manage sponsor firm relationships in Europe and take on added duties managing client coverage strategy.

Jefferies also appointed Markus Pressdee, 43, formerly of Credit Suisse Group AG, as a managing director to head infrastructure banking globally, the person said. David Brooks, 45, who was investment banking head at boutique firm Ingenious Media Holdings Plc, will lead the investment banking for European media companies. All of the bankers are based in London and report to Lester.

The firm now has 45 managing directors in the European investment bank, the most ever, Lester said.

“We are not aware of any other full-service investment bank other than Jefferies that has consistently grown its European MD team for the last five years,” he said.

Before it's here, it's on the Bloomberg Terminal.