US investment bank Jefferies has appointed six new managing directors in Asia in a continuing effort to build out its equity sales and trading capabilities in the region.
The bank has appointed: Adam Putterill as head of Hong Kong and China sales trading; David Welch as a regional sales trader; Lydia Leung for Hong Kong and China equity sales; Stephen Nichols as head of Asia trading; James Young as head of regional sales; and Paul Krake as head of hedge fund sales. All six are based in Jefferies' Hong Kong office.
Putterill joins the firm from J.P. Morgan, where he was an executive director for the firm's Hong Kong and China sales trading unit. Previously, he spent two years in a similar role at Lehman Brothers, and prior to that, four years at Peregrine Brokerage.
Welch joins from HSBC, where he was most recently a director for its Global Banking and Markets business in Hong Kong. Welch previously spent three years as a principal at Banc of America Securities and prior to that spent eight years in a variety of equities roles at Goldman Sachs.
Leung has nearly 20 years of industry experience and joins the firm from CICC, where she spent seven years and was a managing director for Hong Kong/China sales. She has also worked as a director at DBS Vickers, and spent five years at Dresdner Kleinwort Wasserstein.
Nichols was previously at Citigroup, where he spent a total of 20 years in various Asian equity trading roles in the UK, Hong Kong and Japan. Most recently, he ran the cash equity trading desk in Hong Kong and also spent three years during his time in Tokyo at Merrill Lynch.
Young comes on board from UBS where he had worked since 1996, most recently as head of Japan into APAC sales, based in Hong Kong.
Krake brings nearly 18 years of experience to Jefferies and has 11 years of asset management experience, primarily in the hedge fund arena. He has moved from Creighton Capital Management where he oversaw a socially responsible investment vehicle known as Tatanka Asset Management. He was the managing partner at Corus Capital Management, an Asia-focused macro hedge fund, and previously held a variety of portfolio manager and macro trading positions with Caxton Corporation and Moore Capital Management.
Jefferies is establishing a full-service equity sales, trading, and research platform in Asia with a focus on Hong Kong, Japan, Singapore, India, Korea and Taiwan. As part of this build-out, Jefferies recently announced the appointment of Chris Shute as head of Asian sales and sales trading.