Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc., has acquired the Putnam Lovell investment banking business, an adviser to the financial services sector, from Canada’s National Bank Financial Group.
This is the fifth industry-focused M&A group acquired by Jefferies in less than five years and brings the firm’s investment banking team to approximately 520 professionals globally.
“We are fortunate to have been able to combine exceptional industry knowledge with unique research, sales and trading capabilities throughout our growing investment bank,” says Richard Handler, chairman and CEO of Jefferies. “The acquisition of Putnam Lovell represents a significant opportunity for Jefferies to deepen our Financial Services expertise, and to serve an even broader base of clients as we continue to diversify our firm.”