Jefferies to make further changes to investment banking

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Jefferies Group is making more changes to the investment-banking division that manages relationships with private equity firms, according to people familiar with the matter, following the departure of the group’s global head, Adam Sokoloff, in March.

Bloomberg News reports that Christopher Ooten, a managing director at Bank of America’s Merrill Lynch unit, will join Jefferies’s financial sponsor group to replace Theodore Tutun, who is leaving, said the people, who asked not to be identified because the information is private. Jefferies has also held early discussions with private equity specialists at banks including Credit Suisse, the people said, though no hires have yet been made.

The investment bank has been shaking up the team across regions. James Seagrave, co-head of the European sponsors team, was replaced earlier this month by Fotis Hasiotis, who had previously run the European sponsors team at Lazard. U.S. sponsors co-head Jeffery Greenip was promoted in March to succeed Sokoloff as global chief of the group.

To access the complete Bloomberg News article hit the link below:

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