Press Release

Zubin Ramdarshan Joins as a Managing Director in Global Equity Derivatives

LONDON and NEW YORK, 16 February 2011 – Jefferies announced today the appointment of Zubin Ramdarshan as a Managing Director and Head of European Volatility Trading in the firm’s Global Equity Derivatives Group. Mr. Ramdarshan will be based in Jefferies’ London office.

“Building out our European Equity Derivatives business is part of our ongoing strategy to globalise our capabilities and provide a full-service equity offering to our clients. We are delighted that Zubin has joined Jefferies,” commented Andrew Shortland, Head of Equities EMEA.

“We are confident that Zubin will make a meaningful and immediate contribution to our global equities platform,” commented David Silber, Global Head of Equity Derivatives and Head of U.S. Equity Trading at Jefferies. “Our equity platform is gaining market share as we focus on delivering new products to our institutional client base globally."

The addition of Mr. Ramdarshan is part of the ongoing expansion of Jefferies’ sales and trading capabilities across equities and fixed income globally. The equities group, which is focused on the global sales, sales-trading, trading and research of equity securities, consists of nearly 650 professionals across U.S., Europe and Asia.

Mr. Ramdarshan brings to Jefferies more than eleven years of equity derivatives trading experience and joins the firm from Macquarie Bank, where he was Head of European Volatility Trading. Previously, he spent five years at Bear Stearns as a Senior Managing Director for Derivatives Flow Trading, and prior to that, four years at Deutsche Bank in Equity Derivatives Trading. He received a BSc (Honours) in Econometrics and Mathematical Economics from The London School of Economics.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for 49 years.

For further information, please contact:

Tom Tarrant, Jefferies, 203 708 5989,
Desiree Maghoo, Jefferies, 44 20 7029 8085,