Wall Street investment bank Jefferies is ramping up its Canadian operation

Wall Street investment bank Jefferies Financial Group Inc. dramatically expanded its Canadian operations on Wednesday by recruiting a team of five dealmakers from rival Barclays PLC.

Jefferies Canadian team will be led by Bruce Rothney, former chair and chief executive officer at Barclays Canada. Mr. Rothney previously held senior roles at Royal Bank of Canada and Goldman Sachs Group Inc., and advised Rogers Communications Inc. on its recent acquisition of Shaw Communications Inc.

London-based Barclays has seen a number of executives depart since appointing new leadership at its U.S. arm in January. Several Barclays veterans - including former global head of investment banking John Miller - now have leadership roles at Jefferies.

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