Jefferies (JEF) strengthens its footprint in Canada with the new investment banking unit.
Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion even as some of its peers look to cut costs. The New York-based bank said more than 40 people were joining across investment banking, equity research and sales and trading. Jefferies President Brian Friedman told Reuters in September that the bank was planning to expand into Canada before the end of the year.
NEW YORK & TORONTO, December 04, 2023--Jefferies Financial Group (NYSE: JEF) today announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada. With this expansion, Jefferies will now provide clients in depth expertise in advisory, M&A advisory, equity and debt capital markets, risk solutions, equity research, and sales and trading across all sectors in Canada.