Press Release

Jefferies Hires Head of Fixed Income Cross Product Sales

NEW YORK, June 7, 2011 – Jefferies announced today the appointment of Clifford Lanier as a Managing Director and Head of Fixed Income Cross Product Sales.  Mr. Lanier brings to Jefferies 20 years of fixed income experience and joins the firm after three years with Deutsche Bank, where he was a Managing Director for Fixed Income Sales and Head of Generalist Sales.  Previously, Mr. Lanier spent 16 years at Merrill Lynch in Fixed Income sales where he was most recently a Director in the Fixed Income Strategic Solutions Group.  He received a BA from Duke University.

“We are pleased to welcome Clifford to Jefferies,” commented William Jennings and Johan Eveland, Global Co-Heads of Fixed Income at Jefferies, in a joint statement.  “His experience in cross product sales will make a meaningful and immediate contribution as we continue the expansion of our global fixed income business to better serve clients.”

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

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,