Press Release

Jefferies Adds to Fixed Income Business
Paul Kopsky Joins in Mortgage Trading to Focus on Expanding Military Housing Operations

NEW YORK, April 21, 2011 – In the continued development of the firm’s Fixed Income Division, Jefferies today announced the appointment of Paul W. Kopsky as a Managing Director in the firm’s Military Housing Mortgage business. He will be responsible for expanding the Military Housing operations and its financing suite of products.

Dan Ray, Managing Director and Head of Jefferies' Military Housing Fixed Income business, commented, “We are pleased to welcome Paul to Jefferies and believe his significant experience, industry and product expertise and strong relationships with financial services companies and mortgage operations will make an immediate contribution to the firm’s leading platform as we remain focused on the evolving privatization of this asset class. We continue to grow and strengthen Jefferies’ broader asset-backed securities effort to better serve our clients globally.”

Jefferies’ Global Mortgage- and Asset-Backed Securities group includes approximately 100 sales, trading and origination professionals in the U.S., London, Tokyo and Hong Kong.

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. Kopsky brings to Jefferies more than 25 years of experience and joins the firm from American Stock Transfer and Trust Company, where he was Executive Vice President and Chief Financial Officer. Previously, he was an Executive Vice President - Principal Accounting Officer and Controller for Capmark Financial Group. Prior to that, he was a Senior Vice President at Reinsurance Group of America (RGA) and held a leading financial role at Nationwide Insurance Group. He also spent five years as an Executive Vice President and Chief Financial Officer at Conning Corporation / SwissRe Group and 11 years at KPMG. He received an MBA from the University of Chicago Graduate School of Business and a BA from Creighton 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,