Southpaw: Jefferies hits the strategic pain barrier

14 Oct 2010

Fast-growing investment bank Jefferies faces a challenge to press ahead with its global hiring spree at a time when rivals are cutting costs to combat falling revenues. So far it has been able to mine a rich seam of talent as other firms shed staff, but a boost in international revenues is now needed to keep the strategy on track. David Rothnie reports.

Few investment banks have lined the pockets of headhunters in the last two years like Jefferies, the erstwhile US mid-market firm that is seeking to be a global force to rival the bulge-brackets.

The firm has doubled the staff at its European headquarters to 600 since 2008, but its ...

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