Investment banking firm Jefferies has tapped former Federal Reserve Board advisor David Zervos to lead its global fixed-income strategy.
Zervos, a former visiting advisor in the Fed’s division of monetary affairs, will join the New York- and London-based company as a managing director and new head of global fixed-income strategy, a Jan. 21 press release said.
Before joining the Federal Reserve Board last year, Zervos served as a portfolio manager at Brevan Howard Asset Management and global macro investment strategies specialist at UBS O’Connor.
The newly created position will help Jefferies broaden its bond business, which has grown to more than 450 professionals globally. Currently, the division focuses on offering its clients investment grade corporate bonds, high-yield bonds and government and agency securities investment options. Additional offerings include ABS and MBS, distressed securities, municipal bonds, whole and leveraged loans and emerging markets debt, the statement said.
“David Zervos brings tremendous experience, knowledge and relationships to our fixed income platform and will help support Jefferies’ ongoing success,” Tim Cronin, Jefferies’ global head of fixed-income, said in the release.
Cronin added that Zervos serves as an example of Jefferies’ commitment to “providing [its] institutional clients with valuable insight and perspective.”