The Globe and Mail reports in its Friday edition that Wall Street investment bank Jefferies is preparing for a wave of cross-border transactions by hiring former deputy prime minister John Manley and the ex-head of Credit Suisse Canada as part of a global expansion strategy. The Globe's Andrew Willis writes that two months after landing five deal-makers and a trio of analysts from Barclays PLC's Canadian office, New York-based Jefferies is bringing in Mr. Manley as its chair and veteran investment banker Ron Lloyd as its deputy chair. The two executives are expected to start in December. Jefferies focuses on sectors such as energy, technology, health care and private equity, and has expanded rapidly in the past few years to become one of the top 10 U.S. advisers on mergers and acquisitions, and financings. Mr. Manley and Mr. Lloyd bring established relationships across corporate Canada, and experience in advising foreign companies on domestic takeovers. Mr. Manley served as deputy prime minister, finance minister and industry minister under then-prime minister Jean Chrétien. Mr. Manley is chair of Telus and previously chaired CIBC and CAE Inc. He is also attached to law firm Bennett Jones, a big player in the oil patch.