Raymond James Poaches Senior Bankers From Jefferies

Raymond James has hired several senior investment bankers from Jefferies Financial Group, according to sources with knowledge of the matter, in a move that signals the regional brokerage's continued push to expand its Wall Street presence.

The lateral hires represent a deliberate effort by Raymond James to bolster its investment banking bench, drawing experienced dealmakers from one of the more active mid-market advisory firms on the Street. Jefferies has long been known for cultivating specialized sector talent, making its bankers attractive recruitment targets.

Read more Paramount Secures Warner Bros. Takeover After Settling Key Lawsuits →

Details on the specific names, sectors covered, or compensation terms were not disclosed by the sources, who spoke on condition of anonymity because the arrangements had not been made public. The precise number of bankers involved also could not be independently confirmed.

Raymond James has been methodically building out its capital markets and advisory capabilities over the past several years, competing for talent and mandates against larger bulge-bracket rivals as well as boutique firms. Recruiting established senior bankers with existing client relationships is a common accelerant for firms seeking to grow market share without waiting to develop talent internally.

Jefferies, for its part, has faced periodic departures of senior staff as competitors have courted its personnel, a recurring dynamic at firms recognized for strong training and deal flow. Neither Raymond James nor Jefferies issued immediate public comment on the reported hires. Continue reading at All News.