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Jefferies Sees Wall St. Talent War Riding Out Rocky Markets

  • U.S. bank has added more than 40 MDs in EMEA in last two years
  • Pay is rising in battle to retain and hire banking stars
The Jefferies Financial Group offices in New York.

The Jefferies Financial Group offices in New York.

Photographer: Jeenah Moon/Bloomberg
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Jefferies Financial Group Inc. expects Wall Street’s fierce battle for talent to continue even as the red-hot streak in global dealmaking begins to cool.

“There is still tremendous demand for good talent in investment banking,” Dominic Lester, European head of investment banking at Jefferies, said in an interview. “This year’s market slowdown hasn’t had a material impact on that.”