Skip to main content

Can Anyone Translate What A Person Familiar With The Matter Meant When He Said A Deutsche Bank Exec's Jump To Jefferies Was An "Interesting Move"?

  • Author:
  • Updated:

Sean George, a Deutsche Bank managing director in corporate bond and credit derivatives trading from Deutsche Bank recently accepted an offer to work at Jefferies, as the firm's "first addition in credit derivatives trading." A person familiar with the matter commented that Jefferies "must have thrown the kitchen sink at [George]" to get him to come over and that it was an "interesting move." It feels as though this PFWTM wanted to say or meant to imply more, but couldn't risk having it come back to him. What do you figure he was driving at?


Layoffs Watch '12: Jefferies

Cuts are said to have down at the best paid bank on Wall Street. "Significant layoffs at Jefferies yesterday, today and more to come in IB. Nine from industrials group alone. Cuts go from 1st yr analyst to SVP. Some groups (m&a, healthcare) still waiting to hear..."

Bonus Watch '13: Jefferies CEOs

Dick Handler ended up doing pretty okay for himself.