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Jefferies Financial Group is starting an investment-banking unit in Canada as part of an international expansion of its core Wall Street operations.
The company will offer investment-banking and capital-markets services to its corporate, institutional and government clients in Canada, Jefferies said in a statement. The office in Toronto will employ more than 40 people across investment banking, equity research, and sales and trading.
“Canada is one of the largest and fastest growing economies in the world, and as we enter 2024, we will have critical mass serving Canada,” Chief Executive Officer Rich Handler and President Brian Friedman said in the statement.
Jefferies opened an office in São Paulo in July, and in April expanded its partnership with Japan’s Sumitomo Mitsui Financial Group Inc.
The New York-based firm has been focused on hiring senior bankers and expanding across the globe as it seeks new opportunities amid a slowdown in deals.