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Jefferies Named Specialist, Primary Operator in Portugal

Latest in series of treasury appointments for bank's growing fixed-income business


Jefferies & Co. has been named a specialist for treasury bills and a primary operator for long-term bonds in Portugal, the bank announced today.

The Portuguese Treasury and Government Debt Agency (Instituto de Gestão da Tesouraria e do Crédito Público, IGCP) has appointed Jefferies an EBT (Especialistas em Bilhetes do Tesouro) for treasury bills and an OMP (Operadores de Mercado Primário) for long-term bonds, according to the bank. The total number of EBT primary dealers in the Portuguese bond market is now 15.

“We are very pleased to be appointed as a primary market operator and treasury bill specialist in Portugal and see this designation as integral to the continued expansion of our global rates business,” Tim Cronin, global head of the fixed income division at Jefferies, said in a statement.

Jefferies was appointed a U.S. primary dealer by the Federal Reserve Bank of New York in June 2009. In the past few months, Jefferies has been named a member of Germany's government bond bidding group, a market maker by the U.K. Debt Management Office and London Stock Exchange, and a Dutch primary dealer by the Dutch State Treasury.

Jefferies has more than 450 professionals globally focused on fixed income.


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Tim Cronin

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