Jefferies, a securities and investment banking firm, has expanded global fixed income group, by hiring Marie-Laure Savelli-Timsit as a new managing director and head of rates sales France and Maxim-Alexandre Simon as a vice president for rates sales. Both join from ING Bank.

Ms Savelli-Timsit will be responsible for establishing and directing Jefferies’ French rates business which is based in Paris.

Ms Savelli-Timsit spent nine years at ING Bank and was most recently deputy head of the financial institution desk. Previously, she spent five years in fixed income sales at BBL France, and held similar fixed income roles at IBJ France.

Mr Simon spent two years at ING Bank as a credit and rates salesperson. He held similar fixed income roles at JPMorgan.

Domenico Crapanzano, head of European rates sales and trading group at Jefferies, said: “Marie-Laure Savelli-Timsit and Maxim-Alexandre Simon bring significant experience and relationships to Jefferies’ global Rates business.”

Christopher Bury and Daniel Markaity, co-heads of global rates business at Jefferies, jointly said: “We are delighted to welcome Marie-Laure and Maxim-Alexandre to join our global rates team. Their hiring further extends the scope of our global fixed income franchise. France is a key market for our European rates business, and these additions will strengthen our international rates platform to better serve our clients globally.”