Jefferies & Co. continues to expand its debt team, making additions to its high yield, leveraged loan and distressed debt sales, trading and research group.
Since hiring Robert Harteveldt, a 24-year Bear Stearns veteran, as chairman of fixed income in July 2008, Jefferies has added nine sales professionals, one trader and seven research analysts, expanding the team to nearly 50 professionals dedicated to leveraged loan, high yield and distressed products. During the next few weeks, the firm expects to announce the hires of three more traders.
With the addition of these and other soon-to-be-announced talented professionals, Jefferies has compiled one of the broadest, most experienced teams in the high yield, loan and distressed markets, Harteveldt said in a release. We will continue to add seasoned senior professionals that expand the depth and breadth of our leveraged credit trading platform.
The firms high yield and distressed debt sales team now includes Danielle Bar-Illan and Richard Wright, formerly of Bear Stearns; Robert Hamill, formerly of Lehman Brothers; Michael Kasper, formerly of JPMorgan; Scott Haberman and Richard Reubenstone, formerly of Merrill Lynch; and Steven Rosen formerly of Deutsche Bank.
Jefferies sales team for performing and non-performing bank loans has added James Wood, formerly of UBS, and Richard Furlong, formerly of Bear Stearns.