Press Release

Jefferies Appoints Global Equity Strategist

NEW YORK, LONDON, HONG KONG, September 14, 2011 – Jefferies announced today the appointment of Sean Darby as Global Head of Equity Strategy. Mr. Darby will be responsible for identifying global trends and potential opportunities in the equity markets by analyzing various industries and market sectors. Mr. Darby will work closely with Jefferies’ equity research analysts in the U.S., Europe and Asia to develop investment themes and strategies, including a conviction list of stock recommendations for clients. He will be based in the firm’s Hong Kong office and will report to Steven R. Black, Global Head of Equity Research at Jefferies.

“We are very excited to welcome Sean Darby to Jefferies. He has a long track record of being a valuable resource for equity investors around the globe and we expect that his ideas and valuable perspective on the markets will help our clients navigate these turbulent markets,” commented Jason Griffith, Global Head of Equities at Jefferies. “Sean’s hiring further demonstrates Jefferies’ commitment to providing clients around the world with valuable strategic insights rooted in experience and a deep understanding of what drives markets.”

“Sean’s experience and perspective will enhance the quality of our strategic advice and further enable clients to leverage the industry knowledge and company expertise of our 118 equity research analysts globally as we seek to provide institutional investors around the world with a best-in-class equities platform,” added Mr. Black.

Jefferies' Global Equities business provides full-service research, sales and execution services across cash equities, electronic trading, equity derivatives, exchange traded funds, convertibles, prime brokerage, and securities finance. The group is comprised of over 700 professionals in research, sales, and trading across the U.S., Europe and Asia, including over 250 research professionals covering over 1,300 companies globally.

Mr. Darby joins the firm from Nomura, where he spent almost 10 years and was most recently Head of Asia Strategy. While at that firm, he was ranked as the #2 Asia Strategist by Institutional Investor and #3 Asia Strategist by AsiaMoney. Previously, he was an Asian Regional Strategist at Dresdner Kleinwort Benson. Prior to that, he was a Portfolio Manager focused on Asia and Japan securities at Equitable Life in the UK, and before that, a Portfolio Manager at Scottish Provident in the UK. He is a graduate of both Exeter University and Stirling University and is a Chartered Engineer.

Jefferies Group, Inc. (NYSE: JEF) is the global investment banking firm focused on serving clients for nearly 50 years. The firm is a leader in providing insight, expertise and execution to investors, companies and governments, and provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and commodities, in the U.S., Europe and Asia.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977,
Richard Khaleel, Jefferies, +1 212 284 2556,