New York-based Jefferies Financial Group (widely known as Jefferies) is an independent securities and investment banking firm that was founded more than 50 years ago. Today, it employs more than 7,700 people worldwide. It operates through six main units: investment banking, equities, fixed income, research, alternative asset management, and wealth management.

Jefferies’ investment banking services include M&A advisory; capital raising; debt, equity, and equity-linked financing; recapitalization and restructuring solutions; fairness opinions; and corporate advisory services. Jefferies’ sales and trading business offers trade execution and liquidity, and trades equity, convertible, high-yield, investment-grade fixed income, and commodity-linked financial products; the unit also provides wealth management, correspondent services, prime brokerage, securities finance, and floor brokerage services (at the NYSE).