Press Release

Jefferies Expands Industrials Investment Banking

NEW YORK, December 14, 2011 – Jefferies today announced the appointment of Gunter Frangenberg, Ph.D. as a Managing Director in the Global Industrials Investment Banking Group and Americas Head of Chemicals Investment Banking. Mr. Frangenberg will be based in the firm’s New York office.

"The addition of Gunter Frangenberg is part of our continued build-out of our global industrials investment banking business, which has included the addition of seven managing directors across the United States and Europe during the last 18 months,” commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. “Gunter’s significant experience and relationships across the broad spectrum of the chemicals industry will further strengthen our successful franchise in this sector.”

“I am very excited to have a banker of Gunter’s caliber and experience join our team,” added David Bradley, Global Head of Industrials Investment Banking at Jefferies. “I look forward to working closely with Gunter to continue to grow our firm’s global chemicals business and providing our corporate and sponsor clients with comprehensive and world-class capital raising and advisory services.”

Mr. Frangenberg brings to Jefferies more than 13 years of experience and joins the firm from Bank of America Merrill Lynch (previously Merrill Lynch), where he spent five years and was a Managing Director within the Multi-Industries Investment Banking Group, specializing in the Chemicals sector. Previously, he spent six years at Deutsche Bank as a Vice President in the Chemicals, Energy and Utilities Investment Banking Group. Prior to that, he was an Associate at Sherman & Sterling in their Corporate Finance Group. Mr. Frangenberg received his Ph.D. and JD in Law from Bonn University and his Masters in Law from Duke University.

Jefferies Group, Inc. (NYSE: JEF) is the global investment banking firm focused on serving clients for nearly 50 years. The firm is a leader in providing insight, expertise and execution to investors, companies and governments, and provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and commodities, as well as offers select asset and wealth management strategies, in the U.S., Europe and Asia.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977,
Richard Khaleel, Jefferies, +1 212 284 2556,