Jefferies is doubling down on the expansion of its investment bank in Europe, with the Wall Street firm targeting a top-six position as many rivals in the region have foundered.

The independent investment bank has continued to add senior dealmakers this year, often capitalising on the fallout from banks including Credit Suisse and Morgan Stanley as part of an ongoing buildout of its operations in Europe, the Middle East and Africa that has seen banker headcount swell by 35% in the region over five years.