Jefferies' Bank Coverage Gets New Head

Jefferies & Co. said on Wednesday it hired Michael Anderson as a managing director in its global equity capital markets group, responsible for coverage of financial institutions.

Anderson was previously at Switzerland-based UBS, where he was managing director and U.S. head of financial institutions equity capital markets.At UBS he was involved with more than $47 billion worth of book-run equity offerings.

Prior to his work at UBS, Anderson was a managing director and head of financial institutions equity capital markets at Banc of America Securities for six years.

Before his work at Banc of America, Anderson was with Donaldson, Lufkin & Jenrette for four years in New York and London serving as a managing director in European equity capital markets and head of European equity syndicate.