Jefferies bolsters UK investment banking division with two new senior hires

Among the appointments is a new vice chairman for UK investment banking and a new head of EMEA financial institutions group (FIG) debt capital markets.

Investment bank Jefferies has expanded its UK banking remit with two new senior appointments based in London.

Industry veteran Philip Yates has been appointed as vice chairman within the UK investment banking division, bringing with him over 30 years of industry experience specialising in mergers and acquisitions and corporate finance.

Previously in his career, Yates operated as head of UK investment banking at SG Warburg, head of global M&A and European investment banking at Merrill Lynch, and as a founding partner and head of European advisory for Perella Weinberg Partners.

Alongside Yates’ appointment, Jefferies has also selected former Credit Suisse executive, Thomas Blackmore, to head up institutional business for its investment banking debt capital markets (DCM) division in Europe, the Middle East and Africa (EMEA).

He joins from Credit Suisse where he has spent the last 10 years focused on coverage of the bank’s financial institutions group (FIG) DCM business in the UK, Ireland and the Nordic regions.

In his new role, Blackmore will be responsible for building out the newly created FIG solutions and DCM business within Jefferies’ FIG team.

The appointments follow a partnership by Jefferies with fixed income e-platform provider Trumid in May last year to improve its emerging markets credit trading workflows. Through collaboration with the platform, Jefferies expanded liquidity access for its institutional clients through the use of Trumid’s anonymous trading and bilateral negotiation tool, attributed trading (AT).