Press Release

Jefferies Strengthens Municipal Trading Business

NEW YORK, July 14, 2011 – Jefferies today announced the appointment of Daniel Gilman as a Managing Director in Municipal Securities Trading. He is based in the firm’s New York office.

“We are pleased to welcome Daniel to Jefferies,” commented James McGinley, Head of Municipal Markets at Jefferies. “With more than 20 years of fixed income experience, he brings extensive knowledge and relationships to our established municipal securities platform."

Jefferies’ Municipal Securities Group is comprised of more than 100 professionals focused on the banking, sales and trading of municipal securities. With professionals in 12 offices across the U.S. and Puerto Rico, Jefferies offers significant access and coverage in all areas of public finance.

Jefferies’ broader fixed income business now has nearly 525 professionals globally who are focused on the sales, trading and origination of municipal bonds, investment grade and high yield bonds, U.S. and European government and agency securities, repo finance, mortgage- and asset-backed securities, whole loans, leveraged loans, distressed securities and emerging markets debt.

Mr. Gilman joins the firm from Fundamental Advisors, a municipal bond private equity firm, where he was Co-Head of Investments. Previously, he spent nine years at Citigroup as a Managing Director in Municipal Securities with a focus on distressed trading. Prior to that, he was a Director at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette. He received an MBA from the Sloan School of Management at MIT and a BA from Wesleyan University.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.

For further information, please contact:

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