Jefferies Group hires 25 staff in Britain

By Associated Press
September 2, 2008 | Comments (0)

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The British subsidiary of investment bank Jefferies Group Inc. said Tuesday that it has hired 25 new sales, trading and research professionals to its equities operation.

The new hires had worked at Bear Stearns Cos. in London, New York-based Jefferies said in a news release.

The now-defunct Bear Stearns was purchased by rival investment bank JPMorgan Chase & Co. in March in a $29 billion transaction facilitated by the Federal Reserve as Bear Stearns edged toward collapse.

Jefferies said the British subsidiary, Jefferies International Limited, is adding 12 equities salespeople, four traders, four research analysts and five research salespeople, including a sales team focused on the German market.

Among those joining are Andrew Shortland as head of international equities, Hamish MacLellan as head of international equity sales and Omar Saad as head of international equity trading. In addition, research analysts Nick Bell and James Shuck will cover the European media and insurance industries, respectively.

Jefferies' shares rose 28 cents, or 1.5 percent, to end at $19.49 in trading Tuesday.

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