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Jefferies Steps Up Asia Expansion by Hiring a Dozen From CLSA

  • Most of hires said to be in institutional equity, research
  • Bank has boosted headcount by 10% in Asia, Europe expansion

Jefferies Financial Group Inc. is poaching about a dozen professionals from CLSA Ltd. in India, according to people familiar with the matter, adding to a hiring spree in Hong Kong, Japan and Australia this year.

The New York-based firm is hiring analysts, salespeople and traders from the equity division at CLSA, including Aashish Agarwal, the head of research, the people said, asking not to be identified because the matter isn’t public. Prakhar Sharma, an analyst, and strategist Mahesh Nandurkar, were also among those offered positions. Nandurkar declined to comment, while the other two haven’t responded to emails seeking a comment.