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FOR IMMEDIATE DISTRIBUTION NEW YORK, March 19, 2007 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Thomas E. Labenz, who will serve as Head of Equities Technology Trading. Mr. Labenz brings more than twelve years of trading experience to the Firm’s platform, including four years with Hambrecht & Quist and, most recently, four years as Director of NASDAQ Trading at First Albany. He will lead a team of six dedicated technology traders who make markets in over 500 technology stocks, and will be based in the Firm’s New York Headquarters. “Mr. Labenz is an accomplished trading professional with extensive risk management experience,” commented Ron Hammer, Head of Equities Trading for Jefferies & Company, Inc. “We are confident his expertise and strong customer relationships will bring immediate value to our tech-focused institutional investors, and enhance our presence in the sector significantly,” he added. “The technology sector’s ongoing innovation and evolution garners intense investor interest, and I look forward to helping build upon Jefferies’ successful efforts in this space,” said Mr. Labenz. “The Firm’s growing reputation, high quality research product, and diversified, full-service equities platform were key factors in my decision to join.” The Firm’s global technology research effort consists of fourteen senior equity analysts in the U.S., Europe and Japan covering more than 190 companies. Technology segments under coverage include communications equipment, electronics manufacturing services, electronics supply chain, infrastructure & enterprise applications software, Internet & new media, government & commercial IT services, homeland security, healthcare IT services, and semiconductors. Separately, The Firm’s dedicated technology investment banking group, Jefferies Broadview, is a leading advisor in the space with more than 90 professionals and more than 30 years serving technology companies. In 2006, Jefferies Broadview completed more than 90 transactions, valued at over $12 billion. Mr. LaBenz has twelve years of sales, trading and market making experience, with more than 8 years focused on technology. Prior to Jefferies, he was Director of NASDAQ Trading at First Albany for four years. Previously he was Senior Market Maker and Senior Technology Trader in the NASDAQ trading department at Hambrecht & Quist, now part of JP Morgan Chase & Co., where he worked for four years. Mr. Labenz began his career in the sales and trading division of Olde Discount Corporation. He earned a BS from Pennsylvania State University, where he majored in Economics and Finance. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 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). For further information, please contact: Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com Todd Miller, Cubitt Jacobs and Prosek, 203 378 1152, 149, Todd@cjpcom.com |
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