In a strategic move to strengthen its position in the Asia Pacific private credit market, Jefferies Financial Group Inc has welcomed two key hires from Credit Suisse. Yik Ley Chan joins Jefferies as the new senior vice president and head of Asia private credit, while Javier Lee steps in as vice president.
The duo's departure from Credit Suisse comes at a time when UBS Group AG (SIX:UBSG) has been making consolidation efforts earlier this year. At Jefferies, Chan and Lee will focus on expanding the firm's reach within the private credit sector by fostering relationships with potential borrowers and lenders. Additionally, they are tasked with spearheading deal marketing strategies to further entrench Jefferies' presence in the region.
This strategic hiring underscores Jefferies' commitment to capitalizing on opportunities within Asia Pacific's burgeoning private credit niche, as the firm seeks to navigate and leverage the dynamic financial landscape of the region.
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