Jefferies has hired Michael Stock, the former head of Credit Suisse Australia’s investment banking and capital markets division, to establish a full-service investment banking business Down Under.

Mr Stock, who has 25 years of investment banking experience working with Credit Suisse, UBS and Deutsche Bank, will take on the roles of head of investment banking and country head for Jefferies.

Jefferies is building a larger presence in Asia, where it already employs about 300 people.

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