Jefferies Ousts Asset Management Bankers

Jefferies & Co. isn’t officially shuttering its asset management advisory business, but it is letting go of some industry veterans in the space.

Kevin Pakenham and Aaron Dorr, both MDs in the financial institutions group, will be leaving Jefferies, a source says. Karamvir Gosal, also an MD, as well as two junior bankers, will be leaving as well, the person says. Their departures are expected to occur in coming weeks.

Pakenham, Dorr and Gosal all hail from Putnam Lovell, which Jefferies acquired in 2007. It’s not clear if Jefferies is ousting all of the bankers in the asset management advisory division, but it is letting go of the senior bankers, the source says.

CVC’s Smart Move on iShares

LONDON (Reuters) – Private equity house CVC Partners will pick up a rare commodity if it pulls off a purchase of Barclays’ iShares exchange traded fund (ETF) unit, which analysts say has strong growth potential. A clear leader both in the U.S. and European markets, the unit saw record net inflows of $89 billion last […]

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