Deals
Jefferies Poaches BofA, Citi Rainmakers in European M&A Push
- Berendes is set to become continental European M&A head
- Borch will join as EMEA and Asia head of transportation IB
A Jefferies Group logo.
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Jefferies Financial Group Inc. is hiring Birger Berendes, one of Bank of America Crop.’s most-prominent rainmakers in Europe, and Citigroup Inc.’s Michael Borch, to help bolster its dealmaking business in the region, people familiar with the matter said.
Berendes is set to join Jefferies as continental European head of mergers and acquisitions, the people said, declining to be identified because the information is private. He has been with Bank of America since 2014 and was most recently co-head for M&A for EMEA, his LinkedIn profile shows. He also led corporate defense and activist engagement across the region.