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Jefferies Adds Investment-Banking Staff as Rivals Pull Back

  • Recent hires are said to include employees from BB&T, CLSA
  • Firm’s investment bank adds 350 people, boosting staff 10%
Updated on

Jefferies Financial Group Inc. is on a hiring spree.

The company’s investment bank has added 350 people this year, a 10% increase to its headcount at the end of 2018, according to a quarterly newsletter to clients and employees. Jefferies said it has added to its research department even as competitors pare back, and is building out its operations in Europe and Asia.