NEW YORK--(BUSINESS WIRE)--Sept. 14, 2005--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that the firm will donate $2.5 million to relief efforts for Hurricane Katrina. This contribution combines the firm's net trading revenues and commissions from Monday, September 12, and voluntary employee donations.
As determined by the firm's executive committee and employees, a $2.25 million donation will be made The Red Cross for their efforts dedicated to Katrina, and an additional $250,000 will be given to various other charities associated with the relief efforts. Jefferies and its employees conducted similar efforts to benefit victims of the Asian Tsunami earlier this year, and to aid those affected by the 9/11 terrorist attacks in 2001.
"We are very pleased to have raised $2.5 million for the valiant relief efforts for victims of Hurricane Katrina," commented Richard B. Handler, Chief Executive Officer of Jefferies. "We are grateful for our client's participation, as well as for the help and contributions from those employee-partners, outside floor brokers and other vendors, who donated their compensation to this worthy cause."
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 25 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).
CONTACT:
Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com
SOURCE: Jefferies & Company, Inc.