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FOR IMMEDIATE RELEASE Jefferies Adds Senior High Yield Sales Professional; Howard Fife Joins Veteran Team NEW YORK, Apr 1, 2002 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Howard B. Fife, Senior Vice President, High Yield Sales. Mr. Fife will report to David W. Schwartz, Director of High Yield Sales and Trading, and will be based in the firm's Stamford, Connecticut office. "Howard Fife is an excellent addition to Jefferies' outstanding sales and trading effort in high yield and distressed securities," commented Mr. Schwartz. "His addition is key to our continued success in serving institutional investors as one of the most effective high yield sales and trading efforts on the Street." "I am excited to join Jefferies' strong high yield effort and look forward to the opportunities offered by the firm's entrepreneurial platform," said Mr. Fife. Prior to joining Jefferies, Mr. Fife had been a Director of Lazard Freres & Company, where he most recently helped to launch the Lazard Debt Recovery Fund. Previously at Lazard, Mr. Fife was Sales Manager of the High Yield and Distressed Sales and Trading team. Before joining that firm in 1994, he held sales positions in high yield and fixed income at Prudential Securities and Donaldson, Lufkin & Jenrette. Jefferies is a top trader in the secondary high yield market. The firm's High Yield Sales and Trading Group trades high yield bonds, bank loans, special situations, trade claims, preferred stock and other leveraged and distressed securities. Jefferies' high yield group trades over $11 billion per year in more than 500 issues with more than 1,200 institutions. About Jefferies Jefferies & Company, Inc. is an investment bank and institutional securities firm serving middle market companies and their investors. Jefferies offers advisory, capital raising, mergers and acquisitions, and restructuring services to middle market companies. The firm also provides outstanding trading execution in equity, high yield, convertible and international securities as well as fundamental research for institutional investors. Jefferies' leadership in equity trading is recognized by numerous consulting and survey organizations. Jefferies and its affiliates employ more than 1,200 people in 20 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo and Zurich. Further information, including a description of Jefferies' investment banking, trading, research and asset management offerings, can be found at www.jefco.com. CONTACT: |
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