Jefferies Bache chairman and CEO Patrice Blanc said they are excited about this new partnership with BNY Mellon Clearing as it enables them to leverage their commodity expertise, global reach and innovative IT solutions to provide comprehensive clearing services.
BNY Mellon Clearing CEO Sanjay Kannambadi said as they work to meet their clients’ needs in a market migrating to a centralized clearing environment, they are pleased to join forces with Jefferies Bache as one of the leading providers in the space.
In July 2011, Jefferies Group acquired the Global Commodities Group from Prudential Financial and Prudential Bache (Bache) formally became Jefferies Bache.
