Report: Jefferies hire Rothschild’s Larry Portman

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Jefferies hired Larry Portman as a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.

Bloomberg News reports that Portman, 44, was a managing director and head of consumer investment banking for the Americas at Rothschild, focusing on the food and beverage industries, said the person, who asked not to be identified because the move hasn’t been made public.

Before joining Rothschild in 2009, he was a managing director at Citigroup and Morgan Stanley

Jefferies, which was acquired this year by Leucadia, boosted the number of its employees by 70% since the end of 2006 to about 3,800. The firm has lured bankers and traders from the world’s biggest investment banks, offering year-end bonuses in immediately available cash. The New York-based company said in June it hired James Nappo from Credit Suisse as a managing director for industrial investment banking.

The consumer investment-banking group has about 26 bankers in the U.S., Europe and Asia and has completed more than 100 capital markets and advisory transactions since 2012, according to the company’s website.

To access the complete Bloomberg article hit the link below

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