Wed, May 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Jefferies Agrees to Acquire Hoare Govett from the Royal Bank of Scotland

Wednesday, February 01, 2012
Opalesque Industry Update: Jefferies announced today that it has agreed to acquire Hoare Govett and employ certain other professionals from The Royal Bank of Scotland Group plc.

With a history of serving clients for over 100 years, Hoare Govett is one of the UK’s most prominent corporate brokers. The acquisition includes the entire senior Hoare Govett corporate broking team, as well as certain other corporate broking, equity research, sales, trading and capital markets professionals necessary to continue to serve the needs of Hoare Govett’s large base of retained clients. In total, approximately 50 professionals will join Jefferies’ London office, including all current Hoare Govett Managing Directors. The acquired business will operate as Jefferies Hoare Govett.

In a joint statement, Richard B. Handler, Chairman and Chief Executive Officer of Jefferies, and Brian P. Friedman, Chairman of the Executive Committee of Jefferies, commented, “Our absorbing of Hoare Govett provides Jefferies with an exceptional opportunity to continue our growth in corporate broking and significantly expand the capabilities and reach of our established European Investment Banking and Equities businesses. Hoare Govett’s relationships and experience, combined with Jefferies’ sector and product expertise and hands-on approach, will enable us to provide the full benefits of the Jefferies global platform to our new clients. Combining one of the strongest M&A franchises on Wall Street, a robust lending and leveraged finance business, and a deep sector-focused coverage model with global distribution, Jefferies is uniquely positioned to efficiently serve our existing and new corporate clients with a full range of investment banking capabilities globally.”

David Weaver, President of Jefferies International Limited, Dominic Lester and Peter Bacchus, Joint Heads of European Investment Banking, added, “Hoare Govett is one of the oldest and most distinguished franchises in corporate broking. Joining forces affirms Jefferies' deep and long-term commitment to serving UK corporate clients. We anticipate a seamless transition and integration for our new clients into Jefferies' global platform, and look forward to welcoming our new employee-partners to Jefferies.”

Jefferies

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  2. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  3. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  4. Institutions - Institutional investors turn to real estate, planes, Assets at Boston’s five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  5. Opalesque Exclusive: A lot of hedge fund investors are beginning to recognise the need for ongoing cyber threats monitoring[more]

    Benedicte Gravrand, Opalesque Geneva: Corporate Resolutions Inc. recently formed a strategic partnership with iThreat Cyber Group. The two companies have worked together for years, assisting clients when challenging

 

banner