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Three join Jefferies' investment banking effort in health care
By Lisa Kerner
Erie, Pa., April 24 - Jefferies & Co., Inc. hired three additional senior investment banking professionals to provide strategic advisory and capital raising services to health care service and life science companies.
Joining the firm as managing directors in the firm's Investment Banking Department are M. Roderick Rivera, Wyatt R. Ritchie and David J. Price.
"The addition of Rod Rivera, Wyatt Ritchie and David Price significantly enhances the breadth and depth of our established health care effort," chairman and chief executive officer Richard B. Handler said in a company news release.
"We are confident that their respective industry experience, significant relationships and product expertise will contribute to the quality and reach of our offering."
Prior to Jefferies, Rivera spent more than 16 years in investment banking, most recently at CIBC World Markets and previously at Credit Suisse First Boston Corp. and Citicorp Securities, Inc.
Ritchie has nearly 20 years of experience on Wall Street, most recently at CIBC World Markets and previously at Continental Bank (acquired by Bank of America).
Price, with 20 years experience, most recently worked in the Pharmaceutical Services Investment Banking Group at Bear Stearns. Prior to that , he was with Price Waterhouse Coopers Consulting, Lex Service plc and Price Waterhouse.
Rivera and Price will be based in the company's New York office. Ritchie will be based in Jefferies' Silicon Valley office in California.
The health care sector, a longtime focus area for Jefferies, offers a full range of investment banking services for corporate clients over a range of industries, including health care services, biotechnology, pharmaceuticals and medical devices.
Jefferies & Co., the principal operating subsidiary of Jefferies Group, Inc., is a global investment bank and institutional securities firm based in New York City.
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