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FOR IMMEDIATE RELEASE Jefferies Adds Senior Aerospace and Defense Banker; Industry Veteran David Minnick Enhances Firm's Leading M&A Practice in Sector NEW YORK--(BUSINESS WIRE)--July 27, 2005--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that David B. Minnick has joined as a Senior Vice President in the Jefferies Quarterdeck aerospace and defense investment banking group. With 23 years of experience at Lockheed Martin, Mr. Minnick brings substantial industry knowledge and over 15 years of merger and acquisition work experience to Jefferies in the area of aerospace, defense and government services. In his former role, he has been involved in merger, acquisition and divestiture transactions valued at greater than $27 billion. The addition of Mr. Minnick enhances the leading practice of Jefferies Quarterdeck, which, on a year-to-date basis, has closed 18 aerospace, defense and government services-related M&A transactions, a level of activity that ranks the firm #1 in M&A in this area.* "The hiring of David Minnick, a well-known industry veteran, demonstrates Jefferies' ongoing commitment to be the leading investment bank serving companies in aerospace, defense and government services," commented Richard B. Handler, Chief Executive Officer of Jefferies. "David Minnick, with his outstanding track record and relationships, is an excellent addition to our leading practice in aerospace, defense and government services," commented Jon B. Kutler, Chairman of Jefferies Quarterdeck. "His extensive industry knowledge will further the continued strong growth of Jefferies Quarterdeck as we look to expand our lead in this critical space." Prior to being a Director of Mergers & Acquisitions at the Lockheed Martin Corporation, Mr. Minnick worked in various strategic financial positions for Martin Marietta, a predecessor company to Lockheed Martin. He received a Master in Finance from the Sellinger School of Business and Management at Loyola College, and a Bachelors of Business Administration from The Pennsylvania State University. Mr. Minnick will be based in the Washington D.C. office of Jefferies Quarterdeck. He has not previously worked for a registered broker dealer and will become registered with the NASD upon the successful completion of the necessary qualification exams. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com). * Ranking is based on the number of industry M&A transactions in North America and Western Europe as per Thomson Financial from January 1, 2005 to July 26, 2005. Excludes tender offers, exchange offers, self-tenders, repurchases, remaining interests and privatizations. CONTACT: SOURCE: Jefferies & Company, Inc. |
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