Jefferies & Co. Inc., a subsidiary of Jefferies Group Inc., announced Wednesday that it had hired seven Bank of America Corp. executives to strengthen its quantitative strategy and electronic trading.
The New York firm hired Vlad Portnoy to head quantitative strategies, as well as six financial engineers and technologists to expand its electronic trading capabilities.
The announcement came a week after Jefferies hired a six-person prime brokerage team from Banc of America Securities, a unit of the Charlotte banking company.
In addition to Mr. Portnoy, financial engineers Valeri Smelyansky, Branko Stojkovic, and Victor Miller were hired to work alongside Jefferies’ existing team of three financial engineers.
With a total of 15 quantitative researchers, five of whom hold doctorates, Jefferies’ quantitative resources are now among the largest on Wall Street, it said.
On Feb. 22, Glen Dailey, a managing director and the chief operating officer of prime brokerage services at Banc of America Securities, was hired to head prime brokerage services at Jefferies.
