09:17 AM EDT, 08/18/2025 (MT Newswires) -- (Updates with Jefferies Financial ( JEF ) response in the last paragraph.)

Jefferies Financial Group ( JEF ) is bringing on Michael Melly from JPMorgan ( JPM ) to head its financial institutions group investment banking franchise for Asia-Pacific, Bloomberg News reported Sunday, citing people familiar with the matter.

Melly is expected to start as soon as later this year and will oversee deals involving banks, insurers, and asset managers in the region, the news outlet reported.

Melly spent over 11 years at JPMorgan ( JPM ), according to the report.

Jefferies declined to comment when reached by MT Newswires, while JPMorgan ( JPM ) did not immediately respond to a request for comment.

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