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FOR IMMEDIATE RELEASE Senior Energy Analyst Joins Jefferies; Veteran Oil Service Analyst Stephen Gengaro Strengthens Team NEW YORK, Jun 4, 2002 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that Stephen D. Gengaro has joined the firm as a Managing Director and Senior Equity Research Analyst following the oil services industry. Mr. Gengaro will be based in the firm's New York office and will report to Steven R. Black, Director of Equity Research. "Jefferies continues to attract exceptional professionals lured by the strength of our leading middle market platform," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "Stephen Gengaro is a well-known and respected oil services analyst who strengthens Jefferies' expertise in the energy sector." "The addition of Stephen Gengaro furthers Jefferies' efforts to offer fundamental research in this strategic area as part of our integrated platform serving mid-cap companies," added John C. Shaw, Jr., President of Jefferies. "I'm excited to join Jefferies' entrepreneurial culture where I expect to immediately add value to the firm's strong effort in energy," said Mr. Gengaro. "Jefferies' focused research and longstanding relationships with institutional investors is very impressive." Mr. Gengaro has been covering the oil services industry for nearly a decade. He was named an All-Star Analyst in 1999 by The Wall Street Journal, securing the number one position for earnings estimate accuracy and the number two spot for stock picking skills. Mr. Gengaro also led a team that received an award for "Best Institution for Equity" as part of the annual Ship Finance Awards given by Lloyd's Shipping Economist in 1998. He was named 2000 Shipping Analyst of the Year by Marine Money magazine and in 2001 secured another position in The Wall Street Journal All-Star Analyst poll. Prior to joining Jefferies, Mr. Gengaro worked as a Senior Research Analyst in the oil services group at ABN AMRO / ING Barings / Furman Selz since 1997. Previously, he was a member of the oil services research group at Salomon Brothers Inc. and, prior to that, at PaineWebber Inc. About Jefferies Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), is a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' affiliate, Helfant Group, Inc., executes approximately 10% of the daily reported volume on the NYSE. Through its subsidiaries, Jefferies Group, Inc. employs 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 about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com. CONTACT: |
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