Macquarie said looking to hire Jefferies metals traders

Trading Places

Macquarie Group is looking to recruit the precious metals trading team of Jefferies Group's commodities brokerage, two sources familiar with the matter told Reuters on Friday.

The news agency reports that Jefferies, which is owned by Leucadia National Corp, said last month that it would sell most of its Bache unit's commodities and financial derivatives accounts to Societe Generale.

The deal did not include its precious metals business, which was largely built around Prudential Bache, one of the world's oldest commodities futures brokers, for which Jefferies paid $430m in 2011.

The precious metals trading team includes around 15 people in New York and just four in London, a third source said.

To access the complete Reuters article hit the link below:

Macquarie revives talks with Jefferies on precious metals business -sources

U.S. Supreme Court hands win to Barclays over $4 billion in Lehman assets

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts