Jefferies & Co. Inc., a unit of Jefferies Group Inc., has announced the hiring of A. Markman Peters as a managing director and head of its wealth management group.

Peters was an executive vice president and head of private wealth management at SunTrust Bank, Jefferies said on Monday. He was also formerly the chief executive of SunTrust Institutional Investment Advisors.

Before joining SunTrust, he was a managing director and head of U.S. private wealth management at Deutsche Bank and previously held a similar job in Citigroup's private bank.

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