Oppenheimer & Co. team jumps to Jefferies wealth management unit

Jefferies Group, the investment bank owned by Leucadia National Corp., hired a team from Oppenheimer & Co. led by Greg Fisher to run a custody and emerging-market bond business for its wealth-management unit, a person with knowledge of the matter said. The six-member team is based in Atlanta and includes financial advisers Carlos Alvarez, Matthew Kennedy and Greg Johnson, said the person, who asked not to be identified discussing personnel issues. They started this week and report to Michael Armstrong, global head of wealth management, the person said. (More: Jefferies nabs $1 billion Morgan Stanley duo amid growth push) Peter Albano, global head of taxable fixed-income sales at New York-based Oppenheimer, confirmed the departure of Mr. Fisher and his support staff, which also included an assistant and a person who focused on custody services. Richard Khaleel, a Jefferies spokesman, declined to comment, as did Messrs. Fisher, Alvarez, Kennedy and Johnson. (More: How a weekend client raid blew up and a brokerage battle went public) Mr. Fisher worked at Oppenheimer for a decade, most recently as co-head of institutional emerging-market fixed-income sales, where he focused on Central American and Caribbean clients. Messrs. Alvarez, Kennedy and Johnson were salesmen. Before joining Oppenheimer, Mr. Fisher was a senior managing director at Bear Stearns Cos., according to his LinkedIn profile.