Jefferies, a global securities and investment banking firm, has expanded its investment banking business into Latin America by hiring Rodolfo Molina as a new managing director and head of Latin American Coverage.

Mr Molina brings over 14 years of experience in Latin America. He joins from UBS where for six years he was a managing director in the Latin America Investment Banking Group. Prior to UBS, he was with Salomon Smith Barney for six years focused on coverage of telecommunications companies both in Latin America and the US.

Benjamin Lorello, global head of investment banking and capital markets at Jefferies, said: “Latin America is a major focal point of the geographic expansion of our investment banking and capital markets business. The addition of Rodolfo Molina as a highly experienced Latin American investment banker is the first significant step in that expansion.

“Rodolfo will be working closely with me and other members of Jefferies’ management across the firm to build-out our presence in this vitally important region.”