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MOVES-Credit Suisse blocks attempt by Jefferies to lure senior bankers
January 4, 2017 / 6:02 PM / 8 months ago

MOVES-Credit Suisse blocks attempt by Jefferies to lure senior bankers

Jan 4 (Reuters) - Credit Suisse AG said it has blocked an attempt by Jefferies Group LLC to lure a number of its senior bankers.

Of the eight bankers that had agreed to take on new roles at Jefferies, five are remaining at the Swiss bank, according to Credit Suisse spokeswoman Nicole Sharp.

This includes Jonathan Moneypenny, who had agreed to join Jefferies to co-head its global leveraged finance capital markets business, Reuters reported on Tuesday. Moneypenny has reversed his decision and will remain at the Swiss bank, Sharp said.

Jeb Slowik, who had also been hired at Jefferies to co-head leveraged finance originations, will also remain at Credit Suisse.

A number of other Credit Suisse senior loan team members, including Joseph Kieffer, John Bown and Brad Capadona, are joining Jefferies, Reuters reported on Tuesday.

Credit Suisse is trying to protect its leveraged finance franchise, which is among the most active on Wall Street, as Jefferies tries to rebuild its own.

Jefferies had also agreed to hire three senior investment bankers from Credit Suisse's real estate investment banking business. All three will now stay at Credit Suisse, including Dean Decker, who had been hired to co-head Jefferies' global real estate, gaming and lodging banking business.

A Jefferies spokesman did not respond to requests for comment.

This is the second time that Jefferies has tried to lure a number of Credit Suisse bankers in recent months.

Last year, a group of five Credit Suisse technology investment bankers left for Jefferies, prompting a court case. (Reporting by Olivia Oran in New York; Editing by Alan Crosby)

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