Jefferies Poaches Restructuring Pair From Rothschild, Lazard (1)

Jefferies Financial Group Inc. is expanding its restructuring practice into Europe by hiring two of the region’s most senior bankers in the space, according to people familiar with the matter.

The New York-based investment bank has recruited Glen Cronin from Rothschild & Co. and David Burlison from Lazard Ltd. as co-heads for restructuring in Europe, the Middle East and Africa, the people said, asking not to be identified discussing confidential information.

Cronin was co-head of restructuring for the EMEA region at Rothschild, while Burlison had the same role at Lazard. The two are to help establish a restructuring business ...