Jefferies Group LLC, the investment bank owned by Leucadia National Corp. (LUK:US), hired Larry Portman as a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.
Portman, 44, was a managing director and head of consumer investment banking for the Americas at Rothschild, focusing on the food and beverage industries, said the person, who asked not to be identified because the move hasn’t been made public. Before joining Rothschild in 2009, he was a managing director at Citigroup Inc. (C:US) and Morgan Stanley. (MS:US)
Jefferies, which was acquired this year by Leucadia, boosted the number of its employees by 70 percent since the end of 2006 to about 3,800. The firm has lured bankers and traders from the world’s biggest investment banks, offering year-end bonuses in immediately available cash. The New York-based company said in June it hired James Nappo from Credit Suisse Group AG as a managing director for industrial investment banking.
Portman, who has already started at Jefferies, is based in New York and reports to Abid Rizvi, U.S. head of consumer investment banking, according to the person. He isn’t replacing anyone, the person said.
The consumer investment-banking group has about 26 bankers in the U.S., Europe and Asia and has completed more than 100 capital markets and advisory transactions since 2012, according to the company’s website.
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