Jefferies has named Craig McCracken as the US head of equity-linked origination. He will look into sourcing, structuring and marketing convertible and other equity-linked products and build Jefferies’ equity-linked origination business in the US and international markets.
According to Jefferies, Mr McCracken has industry experience including six years at Banc of America Securities, where he was a managing director, head of equity linked origination. He also has led Wall Street’s convertible origination team based on 2008 market share and volume.
He has originated and executed transactions of equity-linked products, including convertible bonds, convertible preferreds, mandatory convertibles, and call spread overlays. He has experience in industries such as healthcare, TMT, financial institutions, energy, real estate.
Benjamin Lorello, global head of Investment Banking and Capital Markets at Jefferies, said: “We are very pleased to welcome Craig to Jefferies. His experience in structuring and marketing innovative convertible and equity derivative solutions for a broad range of clients further deepens Jefferies’ equity capital markets platform and his success in leading a top-tier equity-linked franchise accelerates our overall strategy.”
Mark Connelly, global head of Equity Capital Markets at Jefferies, said: “Craig has a proven track record of helping to build a successful convertible origination business. He has significant experience across equity-linked products and industry sectors, and will be an integral partner in our efforts to provide the full spectrum of equity solutions and growth capital to Jefferies’ clients.”
