Jonathan Webb, head of foreign-exchange strategy at Jefferies Group, has left the firm, according to a person with direct knowledge of the matter.
Jefferies, a unit of Leucadia National, acquired Faros Trading, the institutional foreign exchange brokerage subsidiary of FXCM, in April, and named Ray Kamrath as global head of foreign exchange. Jefferies’s existing foreign-exchange business and Faros will operate as a single team, the company said in a statement at the time of the announcement.
In the meantime, Reuters reports that Credit Suisse is building a specialized team in Canada to take advantage of an increase in interest from big energy and financial players in oil and gas assets that have been put on the block by companies weakened by lower oil prices.
Senior Credit Suisse executives said last week that the bank is putting together an acquisition and divestiture (A&D) team that will initially be comprised of two or three members, and that is likely to be expanded in time.