Jefferies hires Calyon high-yield head

US investment bank Jefferies has hired Kenton Jernigan as head of European high-yield sales and trading, based in London.

Jernigan moves from Calyon, where he was head of European high-yield distribution. Before that, he founded the distressed and high-yield institutional bond business at Tower Bridge Securities, a subsidiary of Cantor Fitzgerald.

Jefferies, which already has an established US presence in high-yield and distressed finance, is looking to expand its European operations. The

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