Jefferies & Co. brought aboard a muni securities veteran as part of its plan to bulk up its fixed-income trading business.

Jerome Doyle joins the firm as a managing director in municipal securities trading. In this role, he will act as a manager within the group, as well as a trader. He focuses on high-net-worth individuals, middle markets, and electronic trading platforms.

Doyle is based in Jefferies’ New York office and reports to James McGinley, head of municipal markets.

Doyle arrived at the firm after 13 years at UBS. There, he was most recently a managing director and also lead the firm’s Northeast municipal trading group.

Before that, he was a vice president in municipal trading at PaineWebber. Doyle started his career in municipal trading at Kidder, Peabody & Co.

More than 100 professionals work in Jefferies’ muni securities group, which concentrates on the banking, sales, and trading of municipal securities.

The expansion of the municipal business is part of Jefferies’ broader expansion in fixed income, according to the firm.

“[Doyle’s] proven track record, product experience, and strong industry relationships will significantly enhance our municipal trading capabilities and continue to grow this important segment of our fixed income business,” McGinley said in a statement.

Bringing in Doyle enhances the muni securities group’s ability to provide best execution for its issuer clients, added Kenneth Gibbs, president of Jefferies municipal securities group.

Jefferies’ broader fixed-income business employs more than 525 people across the globe.

According to the firm, these professionals focus on the sales and trading of municipal bonds, investment-grade corporate bonds, high-yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, whole loans, leveraged loans, distressed securities, and emerging markets debt.

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