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Jefferies to recruit 10 investment bankers in India
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By Nithya Bose in Employment News, posted August 24, 2023
Jefferies is hiring around 10 investment bankers in India as it aims for expansion in the world’s most populous country.
The New York-based advisory firm intends to expand its Indian team, which has roughly 15 members.
It’ll recruit candidates for positions from associates to managing directors.
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These new hires will concentrate on pivotal sectors such as infrastructure and industrials, a strategy the company has chosen to keep confidential.
Jefferies has been strengthening its footprint in the Asia Pacific, leveraging its strong position as an advisory firm in other global markets such as the US and Europe.
It’s among a cadre of banks poached from Credit Suisse's talent pool following a government-mediated acquisition by UBS Group AG.
It has triggered a series of departures.
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Rizal Gozali, a seasoned Credit Suisse banker, is slated to start work at Jefferies next month.
According to reports from Bloomberg News, Felicity Chan, Credit Suisse's co-head of the Asia Pacific equity capital markets syndicate, would join the US firm.
Jefferies relocated its Asian headquarters from Hong Kong to a new office late last year.
Beyond Mumbai, the company maintains offices in key Asian cities, including Beijing, Melbourne, Singapore, Sydney, and Tokyo.
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This expansion plan coincides with India's emerging as a promising growth hub for bankers and investors.
China's dealmaking activity has significantly decelerated due to economic concerns and geopolitical tensions.
Singapore's Temasek Holdings Pte intends to invest $10 billion in India over the next three years.
It also plans to augment its workforce by four to five investment professionals, its India head, Ravi Lambah, said in a recent interview.
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