Jefferies Expands MBS/ABS Platform

Jefferies and Co., the principal operating subsidiary of Jefferies Group (JEF), made eight executive level personnel hires in the global investment bank’s mortgage-and asset-backed securities (MBS/ABS) group, part of Jeffries’ fixed income division. In Jeffries’ London office, Steven Hulett and Craig Tipping join as managing directors and co-heads of the group. Marc Allison, Dennis Hollands, Jason O’Brien, Marion Guilbert and Edward Tunstall also join the London office as senior vice presidents for MBS/ABS sales. Hulett comes to Jeffries from the Royal Bank of Scotland (RBS), where he was a managing director and co-head of the structured product and solutions credit group. Previously, Hulett was a managing director at Lehman Brothers. Tipping joins from Nomura where he was an executive director and head of ABS trading, and previously worked at Lehman Brothers. Allison, Hollands and O’Brien join Jeffries from the Royal Bank of Scotland, where they were directors in the structured product and solutions credit group. Guilbert was most recently at Lehman Brothers where she was a senior vice president for the securitized product sales group. Tunstall joins from Nomura where he was a senior vice president for the securitized product sales group and previously worked at Lehman Brothers. In Jeffries’ Tokoyo office, Hitoshi Masumizu joins as a managing director and head of Jefferies’ Asia MBS/ABS group. He joins from Potomac Capital Limited, where he was head of investment banking, and previously worked at Countrywide Capital Markets Asia where he headed the financial product division for the Asia Pacific region. Write to Austin Kilgore.