Jefferies: It’s hard to be in India and not be excited: Jefferies CEO Richard Handler

Last March, when ports-to-cement billionaire Gautam Adani faced a short seller attack on his conglomerate, Florida based GQG Partners made a bold move by investing $1.87 billion across three Adani Group companies. This decision to support the struggling Adani Group stocks after a scathing report by Hindenburg Research was against the market trend, as the conglomerate’s stock value had plummeted by over $150 billion. GQG’s confidence in Adani Group helped restore faith in the market, raising eyebrows over the courage of GQG’s chairman Rajiv Jain.

Behind the scenes, Jefferies played a crucial role in facilitating the investment, being the sole broker on India’s largest block trade. This move marked a breakout moment for Jefferies, positioning it as a challenger in the investment banking space. CEO Richard Handler highlighted the importance of resilience and empathy, drawing from his experience of overcoming challenges in the past.

Jefferies’ growth story has been marked by acquisitions and mergers, leading to its current position as a global player. The alliance with Sumitomo Mitsui Banking Corporation (SMBC) further strengthens Jefferies’ position in the market, allowing for collaboration on a global scale.

Handler’s visit to India showcased his optimism about the country’s potential, citing the strong human capital and leadership in conglomerates. He emphasized the similarities between India and the United States, predicting a more robust financial market in the future.

In the midst of evolving market conditions, Handler remains committed to driving growth and success for Jefferies. His unconventional approach to leadership and deal-making sets him apart from his peers, earning him a reputation as a visionary in the industry.

Overall, Handler’s dedication to teamwork and innovation has been instrumental in Jefferies’ success, positioning the firm as a key player in the competitive world of investment banking.