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People: US investment bank Jefferies adds heads and looks abroad

To hire seven FIG bankers by December; Adding 50 in Asia over next nine months

US investment bank Jefferies continues to hire aggressively, adding about 10 senior people in October. Over the past two years, the firm has increased its headcount by 30%.

Last month it announced the expansion of its financial institutions coverage with the addition of Ken Usdin from Bank of America Merrill Lynch as managing director covering US banks. Another seven FIG bankers, including two more managing directors, are expected to join before December. Jefferies also announced the creation of a new hedge fund relationships business in the US headed by Josh Gold, who joined from Dematteo ­Monness, an independent primary research firm and full-service broker-dealer.

Top 10 for all US M&A deals
By market share
Rank Market share
1 Goldman Sachs & Co 2.7
2 Bank of America Merrill Lynch 2.1
3 Morgan Stanley 2.1
4 JPMorgan 2.0
5 Barclays Capital 1.6
6 Credit Suisse 1.5
7 Houlihan Lokey 1.4
8 UBS 1.4
9= Jefferies & Co 1.3
9= Lazard 1.3

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