Jefferies Weighs Opening Brokerage in Brazil, Plans More Hiring

Jefferies Financial Group Inc., which opened its first office in Brazil last year, plans more hiring there and is exploring whether to open a brokerage in the nation to support local distribution of equity and debt offerings.

“Our clients asked us to open an office in Brazil, and we are very happy with the presence we built here since April last year,” Alejandro Guevara, the bank’s senior country officer for Brazil, said in an interview. Jefferies is “actively exploring the possibility” of adding a brokerage to its operations in South America’s biggest economy, he said.

Alejandro Guevara

Source: Jefferies

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