Jefferies has appointed Brandon Peoples as global head of outsourced trading, reinforcing the bank’s push to scale its multi-asset trading solutions for hedge funds and asset managers, according to a report by Financial News London.
Peoples, who joins in January from his position as a managing director at Cantor Fitzgerald, will oversee outsourced trading operations across the US, Europe and Asia-Pacific in a newly created role.
Prior to joining he spent six years at Cantor, after another six as head of domestic trading and operations at hedge fund EastBay Capital, and has more than 25 years of markets experience. The hire comes as Jefferies expands its platform beyond equities. The firm recently launched a fixed income outsourced trading desk in the US, with plans for international rollout as client demand widens across asset classes.
Outsourced trading continues to gain traction among hedge funds seeking cost efficiency, added capacity during peak volumes, and operational reach without building new desks or systems. Jefferies, which entered the space in 2018, now serves more than 200 clients and operates out of New York, Los Angeles, Miami, London and Hong Kong.
