Jefferies Becomes U.K. Primary Dealer
Firm became a primary dealer in Germany and the U.S. earlier this year.
December 10, 2009
Jefferies & Co. was named a primary dealer in the U.K. government bond market by the U.K. Debt Management Office and the London Stock Exchange, effective Jan. 4, 2010.
Jefferies’ appointment brings the amount of primary dealer firms in the U.K. government bond market to 16. They are all primary dealers in index-linked and conventional gilts, which are bonds issued by the governments of the U.K., Ireland or South Africa.
Last month, Jefferies became a primary dealer in Germany, and in June, the firm was selected as a U.S. primary dealer by the Federal Reserve Bank of New York.
The announcement out of London comes as Jefferies has been ramping up its fixed-income division, which now has over 400 professionals globally. In September, the firm hired Domenico Crapanzano from Dresdner Kleinwort to lead its European rates business. Last month, David Owen was hired as the chief European financial economist within Jefferies’ fixed-income group, also from Dresdner Kleinwort.
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