The firm, whose parent is listed in the US, has made a number of senior hires in Asia.

Jeffries, the US investment banking house includes that wealth management in its offerings, has appointed Jonathan Stone as its Asia chairman, based in Hong Kong. It has also unveiled a number of other hires in Asia.

Stone will concentrate on the firm’s “major relationships for investment banking and trading throughout Asia”, a statement from the firm said today.

Prior to joining Jefferies, Stone spent over three decades at CLSA Ltd, where he was chairman and chief executive. He oversaw CLSA's global operations of broking, investment banking, asset management, research and sales.

This publication has asked Jeffries if the chairmanship role is a new one for the firm and may update in due course.

“The significant hires in recent weeks across our firm’s Asian platform represent the next stage of growth and commitment to our firm’s continued global expansion,” Rich Handler, chief executive and president, said.

Among recent Asia-based hires, Jefferies has named Christopher Wood as global head of equity strategy. Also joining recently is a global micro-strategy research team, including 20-year veteran Desh Peramunetilleke as head of MicroStrategy Product. These recent hires also came from CLSA and will be based in Hong Kong.

Additionally, the firm has recently hired 54 professionals to work across sales, trading, research and investment banking in Australia, Japan and Hong Kong.

Jefferies provides investment banking, advisory, sales and trading, research and wealth management services in the Americas, Europe and Asia. It is a wholly-owned subsidiary of New York-listed Jefferies Financial Group.