Brandon Peoples has been named global head of outsourced trading at Jefferies. He is based in New York.
Dean Gray, head of international outsourced trading at the firm, and Joram Siegel, head of global fixed income outsourced trading, discussed expansion plans for the business with Global Trading last year.
READ MORE: Jefferies: The next step in outsourced trading
Equities net revenues include prime brokerage services such as outsourced trading. Jefferies reported US$1.9 billion in this segment for 2025, up almost 20% year-on-year, in its 10-K form for fiscal year ended 30 November 2025.
The firm commented, “Our prime brokerage services in the US provide hedge funds, money managers and registered investment advisors with execution, financing, clearing, financing, swaps, outsourced trading and reporting and administrative services. Through our outsourced trading offering we provide a global trading solution to all types of asset managers to enhance their trading infrastructure and execution needs.”
Outsourced trading has been growing in popularity over recent years, with firms such as Liontrust adopting the approach.
READ MORE: Liontrust outsources trading as firm’s performance falters
However, some buy-side traders are sceptical of the practice.
READ MORE: Outsourced trading: What the buy side really thinks
Peoples has more than 25 years of industry experience and has been global head of outsourced trading at Cantor Fitzgerald since 2019. Prior to this, he was head of domestic trading and operations at EastBay Capital and a senior TMT trader at Diamondback Capital.
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