The investment bank, led by CEO Richard Handler, dismissed about 10 traders, salesmen and analysts on its Latin American debt group, according to two newspaper sources.
Adam Groothuis, the former head of Nomura’s LatAm credit trading desk, is bringing his team over to Jefferies, the sources said. Bloomberg News reported last month that Groothuis was in talks to join Jefferies.
Jefferies’ fixed-income profits for the third quarter were down $14 million, 'reflecting the slow environment and the volatility that resulted in mark-to-market write-downs in our inventory', Handler said.
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