Aug. 14 (Bloomberg) -- Jefferies Group LLC, the investment bank owned by Leucadia National Corp., hired Larry Portman as a managing director for its consumer investment-banking unit, according to a person with direct knowledge of the move.
Portman was previously a managing director and head of consumer investment banking for the Americas at Rothschild, focusing on the food and beverage industries, said the person, who asked not to be identified because the move hasn’t been made public. Before joining Rothschild in 2009, he was a managing director at Citigroup Inc. and Morgan Stanley.
Jefferies, which was acquired this year by Leucadia, has boosted the number of its employees by about 70 percent since the end of 2006 to about 3,800. The firm has lured bankers and traders from the world’s biggest investment banks, offering year-end bonuses in immediately available cash. The New York- based company said in June it hired James Nappo from Credit Suisse Group AG as a managing director for industrial investment banking.
Portman will be based in New York and report to Abid Rizvi, U.S. head of consumer investment banking, according to the person.
--Editors: Steven Crabill, Steve Dickson