Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Adds to Global Fixed Income Group

Masakazu Kannaka to Lead Fixed Income Sales to Japan Corporations, Regional Institutions and Endowments


NEW YORK and TOKYO, May 19, 2011 – In the continued development of the firm’s Fixed Income business, Jefferies today announced the appointment of Masakazu Kannaka to lead the firm’s fixed income sales effort with Japanese corporations, regional institutions and endowments. He will be based in the firm’s Tokyo office.

“Masakazu is a strong addition to our established fixed income team in Asia.” commented Hitoshi Masumizu, Head of Asia Pacific Fixed Income Sales at Jefferies. “His notable experience and relationships will add value to our global fixed income platform as we continue to expand our global businesses to better serve our clients.”

Daniel Markaity and Christopher Bury, Co-Heads of Jefferies’ Global Rates business, added, “We are pleased to welcome Masakazu to Jefferies. His hiring demonstrates the firm’s commitment to Asia and strengthens our ability to distribute Jefferies’ fixed income products to a broader base of institutional investors.”

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

Mr. Kannaka brings to Jefferies more than 20 years of experience and joins the firm from HSBC Securities, where he spent five years and was most recently Head of the Hedge Fund Products and Sales Group. Previously, he spent eight years at Shinko Securities in a variety of fixed income roles and started his career at Wako Securities.

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, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com