Jefferies is planning a significant expansion of its prime
brokerage unit with the hire of industry veteran Glen Dailey
and five of his colleagues from Banc of America Securities.
Those hires were announced on February 22.
Dailey is a major name in prime services, with 23 years'
experience in the business, and many see his hire as a major
coup for Jefferies. Dailey helped build up a prime brokerage
group for Furman Selz, and he later co-founded the prime