Jefferies Names New Prime Brokerage Exec Co-Head

May 8 2007 | 10:07am ET

Jefferies & Co., which has been building up its prime brokerage unit, is adding an executive with prime brokerage experience to its securities finance division.

Matthew Baldassano, who most recently served as managing director in capital markets prime services origination at Lehman Brothers, has joined the firm’s New York office as co-head of securities finance. In his new role—shared with fellow co-head Gene Vitagliano—Baldassano will oversee the firm’s equity and equity-related products, including American and global depositary receipts, exchange-traded funds and convertible bonds.

“The addition of Matt Baldassano significantly enhances Jefferies’ securities finance capabilities and complements the firm’s growing prime brokerage practice,” Jefferies CEO Richard Handler said.

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