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FOR IMMEDIATE RELEASE Jefferies Expands Securities Lending in Europe With Appointment of Mark Newberry LONDON, Jul 11, 2002 (BUSINESS WIRE) -- Jefferies International Ltd., a subsidiary of New York-based Jefferies Group, Inc. (NYSE: JEF), today announced the expansion of its securities lending business in Europe with the appointment of Mark Newberry as Manager of Securities Lending. He will be based in London and will report to Gregory Summers, Senior Vice President of International Securities Lending at Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. Mr. Newberry will be responsible for furthering the development of Jefferies' securities lending business in Europe, where he will build on both the firm's successful securities lending operation in the US and the established presence of Jefferies in US and international equity and convertible markets. Previously, Mr. Newberry spent 17 years with Lazard Brothers in London, where he managed that firm's international stock loan and equities financing from 1988. Together, Jefferies subsidiaries have access to over $1 trillion of US and international securities and borrow in excess of $3 billion, including equities, corporate bonds and US government bonds. The firm assists clients in their portfolio financing and hedging strategies by leveraging its strong equity trading platform and longstanding relationships with more than 100 institutions and broker-dealers worldwide. "We're delighted to have an outstanding professional like Mark Newberry leading our European expansion effort as part of our worldwide securities lending operation," said Gene Vitagliano, Senior Vice President of Global Securities Lending for Jefferies & Company, Inc. "Our securities lending business has always been international in scope with considerable business coming from European counterparties. A strong presence in London will enable us to provide an enhanced service to our proprietary clients both in Europe and around the world," added Mr. Vitagliano. Notes to editors Jefferies Group, Inc. (NYSE: JEF) is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company, Inc., offer a variety of services for institutional investors and growth companies. Subsidiaries of Jefferies Group, Inc. together comprise 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' subsidiary, Helfant Group, Inc., executes approximately ten percent 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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