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Report: Jefferies names managing director of Australian equities team

Jefferies Group LLC appointed David Summerfield as managing director and head of hedge fund sales for its newly launched equities team in Australia, The Australian Financial Review's Street Talk blog reported, citing unnamed sources.

Summerfield was a former head of sales trading at Deutsche Bank, and joined Jefferies on Sept. 9, according to the same-day report.

He will report to Andrew Norman, head of equities, and will work alongside Karl Guilfoyle and Ed Clegg, head of sales trading and head of sales, respectively.