Jefferies nabs prime brokerage veteran


Jefferies Asset Management has hired Joseph Pescatore as a managing director of marketing for the firm's multi-strategy asset management platform.

Pescatore most recently raised capital for a private equity firm, Energy Capital Partners, and had previously founded and headed the capital introduction groups at both Lehman Brothers and UBS.

The firm has recently been accelerating its push into alternatives, particularly in the prime brokerage business. In February, Jefferies hired two executive marketers, building on an expansion begun a year earlier with the hire of Glen Dailey as head of prime brokerage. Dailey, a former managing director at Banc of