Jefferies to foray into brokerage

GLOBAL FINANCIAL MAJORS COME CALLING

US-based middle market focussed investment bank Jefferies Group, which opened its representative office in New Delhi last month, plans to enter the institutional brokerage and asset management business in India.

The firm is also planning to apply to Securities and Exchange Board of India for category-one merchant banking licence.

Edward Males, managing director of Jefferies Indian investment banking office said, "We are evaluating all these options as it is a natural extension of our business."