Jefferies's Southeast Asia, India dealmaker Rao to leave, say sources

In Asia, Jefferies Financial Group Inc. has been expanding with the hiring of senior bankers

Jefferies Financial Group Inc.’s head of investment banking and capital markets for India and Southeast Asia is leaving the firm, according to people with knowledge of the matter. 
 

Probir Rao will depart from the US investment bank next week, one of the people said, asking not to be identified as the information isn’t public. The Singapore-based managing director has been with Jefferies for more than 13 years, according to his LinkedIn profile. 

A representative for Jefferies declined to comment.

Rao is departing the firm as bankers in Asia are increasingly looking outside China for deals, in part because of geopolitical tensions between