Jefferies Hires Moelis Banker Chu to Expand Dallas Presence

Jefferies Financial Group Inc. has hired Moelis & Co. investment banker Lawrence Chu to help build out the bank’s presence in Dallas, according to people familiar with the matter.

Chu will be a vice chairman at Jefferies and its global head of telecommunications, the people said, asking not to be identified because the matter isn’t public. Chu, who is relocating from New York, will start in October, the people added.

Chu, who had been at Moelis for about seven years, was most recently a managing director at the firm. He’s a longtime adviser to AT&T Inc., which is based ...