New Jefferies CLO team said to ready first warehouse

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By Owen Sanderson
29 Oct 2020

Jefferies smashed its way into the European CLO primary market this year, hiring a team from the market’s top ranked arranger, Citi, and igniting a hiring merry-go-round. But the boutique bank doesn’t have the balance sheet muscle of its commercial rivals, and observers questioned how it planned to compete in the commoditised world of warehouse lending. Now however, GlobalCapital understands it has sourced external funding and has at least one warehouse already in the works.

Citi EMEA securitized products syndicate head Laura Coady joined Jefferies just as the pandemic hit, followed in short order by Hugh Upcott Gill and Luis Leoncarsi. Coady joined as co-head of European securitized products alongside Craig Tipping, while Upcott Gill and Leoncarsi will co-head EMEA CLO primary.

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