Jefferies Expands U.S. Financial Sponsors Investment Banking Unit

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Jefferies is growing its U.S. Financial Sponsors, or Private Equity, Investment Banking unit. The global securities and investment banking firm has hired David Luse away from Bank of America/Merrill Lynch to be a Managing irector in the firm's Financial Sponsors Investment Banking Group. He'll be based in the firm's Los Angeles office and will focus on coverage of private equity clients across the Western United States.

"The addition of David Luse significantly expands our coverage of the financial sponsor clients across Northern and Southern California," commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies in a statement released today. "

Luse will work in partnership with Dan Esters, who is also a Managing Director in the Financial Sponsor Group focused on West Coast coverage of private equity clients.

Mr. Luse brings to Jefferies 15 years of experience. At Bank of America/Merrill Lynch, he was a Managing Director and spent the last eight years exclusively in Financial Sponsor Coverage of West Coast private equity firms. Previously, he spent three years at Morgan Stanley in investment banking in New York and London. He received his BA from Columbia University and his MBA from Stanford University.