Jefferies Group is reorganizing businesses that help fund corporate deals, elevating senior investment banker Jim Walsh to oversee its leveraged finance unit as Kevin Lockhart leaves, according to people with knowledge of the matter.
Bloomberg News reports that the move gives Walsh responsibility for the unit at Jefferies and a related origination business at the bank’s joint venture with MassMutual Financial Group, the people said, asking not to be identified discussing personnel matters. He will report to both Ben Lorello, who leads investment banking and capital markets at Jefferies, and Carl Toriello, president of the Jefferies Finance venture, one person said. Walsh also will serve as chairman of consumer and retail investment banking, the business he ran before the change.
Adam Sokoloff, global head of sponsors, also is leaving the firm, one of the people said.
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