Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Expands Financial Institutions Investment Banking Group

NEW YORK, April 12, 2011 – Jefferies today announced the appointment of Alexander Yavorsky as a Managing Director in the firm’s Financial Institutions Investment Banking Group. Mr. Yavorsky will lead the firm's efforts to provide comprehensive balance sheet and funding strategies to its financial services clients. He will be based in New York.

“The rapidly changing regulatory landscape and capital structure requirements for financial institutions requires our investment banking clients to be provided with in-depth advice in connection with their financing and acquisition strategies,” commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "Alex Yavorsky’s extensive expertise with financial institutions across a broad range of asset classes and capital structures makes him an ideal partner to lead this important role in our Financial Institutions Group."

“We welcome Alex to Jefferies and believe his experience in understanding the capital markets and balance sheet strategies of financial institutions will significantly enhance our FIG team’s capabilities to provide best-in-class advice and products to our clients,” added Frank S. Cicero, Global Head of Financial Institutions Investment Banking at Jefferies. "In addition, Alex’s expertise and relationships with the exchanges, broker dealers and trust banks will be accretive to our business."

Mr. Yavorsky joins the firm from Moody’s Investors Service, where he spent the last 11 years, most recently as Senior Analyst in the Banking, Finance and Securities Group. He received his MBA from the Stern School of Business at New York University and his BS from Pace 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, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com