Jefferies hires a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.
Bloomberg News reports that Larry Portman, 44, was a managing director and head of consumer investment banking for the Americas at Rothschild, said the person, who asked not to be identified because the move hasn’t been made public.
Before joining Rothschild in 2009, Portman was a managing director at Citigroup and Morgan Stanley.
Jefferies, which was acquired this year by Leucadia, boosted the number of its employees by 70% since the end of 2006 to about 3,800. The firm has lured bankers and traders from the world’s biggest investment banks, offering year-end bonuses in immediately available cash.
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