Press Release

Jefferies Continues Expansion of Asia Equities Business
Sean Huang Joins to Head Securities Finance Trading in Asia

NEW YORK and HONG KONG, May 24, 2011 – In the ongoing expansion of the firm’s global Equities business, Jefferies today announced the appointment of Sean Huang as Head of Securities Finance Trading in Asia. He is based in the firm's Hong Kong office and will be responsible for managing securities finance activities in Asia.

“Building out our Asia Securities Finance business is part of our ongoing strategy to provide a full-service global equity product offering to our clients,” commented Mike Alexander, CEO of Jefferies Asia. “Our equity platform continues to gain market share as we focus on delivering new products and services to our institutional client base globally."

“We are pleased to welcome Sean to Jefferies and are confident he will make a meaningful and immediate contribution to our global equities platform,” added Matthew Baldassano, Head of Global Securities Finance at Jefferies.

Jefferies is establishing a full-service equity sales, trading, and research platform in Asia with a focus on Hong Kong, Japan, Singapore, India, Korea and Taiwan. The firm’s equities business now consists of more than 700 professionals globally, including over 200 outside the U.S. Jefferies offers sales and trading services in a full range of equity products, including cash equities, electronic trading, equity derivatives, exchange traded funds, convertibles, prime brokerage, securities finance and more than 215 equity research professionals globally covering over 1,100 companies.

Mr. Huang has more than nine years of industry experience and joins Jefferies from UBS, where he was a Director and Senior Trader, Equity Finance. Previously, he was a Senior Trader, Equity Finance at Fortis Bank. He received a Masters in Econometrics from Erasmus University of Rotterdam.

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,