Bloomberg News reports that Gallo will join the firm this week and report to John Pipilis, global head of debt for the institutional client group, said a person with knowledge of the appointment, who asked not to be identified discussing personnel moves. Gallo will be based in New York.
In the meantime, Business Insider reports that Jefferies has recruited a top UBS executive to run equity trading in Europe, continuing a long run of hires the U.S. investment bank has made from its Swiss rival.
The bank has hired Martin Coughlan to the role, according to people familiar with the matter.
He was previously responsible for cash block risk in the investor client services division at UBS, according to a Reuters report in May.