Jefferies (JEF) Mulls Over Brokerage Business Launch in Brazil

Jefferies Financial Group Inc. (JEF) is considering expanding its presence in Brazil by launching a brokerage business in the country. The company, which launched its first office in Brazil last year, is planning to increase staff amid the ongoing expansion plan. In an interview with Bloomberg, Alejandro Guevara, senior country officer for Brazil at Jefferies, stated "Our clients asked us to open an office in Brazil, and we are very happy with the presence we built here since April last year." The plan incl ...