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FOR IMMEDIATE DISTRIBUTION LONDON and NEW YORK, 9 October 2007 -- Jefferies Group, Inc. (NYSE: JEF) today announced the appointment of David Weaver as President of the Firm’s UK-based subsidiary, Jefferies International Limited. Mr. Weaver, who joined Jefferies in London as Head of International Investment Banking in May of this year, will succeed Clifford Siegel, who has decided to retire at the end of the year following more than 17 years with Jefferies. As part of the Firm’s continued strategy to extend globally its strong US franchise as the investment bank of choice for growing companies and their investors, Jefferies has recently announced a series of acquisitions and new office openings. Specifically, the Firm has recently acquired LongAcre Partners, a leading, London-based corporate advisory firm focused on the European media and online sector, as well as the Putnam Lovell investment banking business, a leading adviser to the global financial services sector. In addition, by year end the Firm will consolidate its five London locations, currently accommodating nearly 350 investment banking, sales, trading, research and asset management professionals, into a new international headquarters at the City’s Vintners Place. Jefferies is also scheduled to formally open branch offices in both Frankfurt, Germany and New Delhi, India during the next 30 days. Richard Handler, Chairman and Chief Executive Officer of Jefferies Group, Inc., commented: “Jefferies is indebted to Cliff Siegel for his enormous contribution in developing and expanding our firm’s international footprint. We thank him for all of his hard work and passion over the years, and wish him and his family the very best in the future. David Weaver assumes his expanded responsibilities at a time of great progress and opportunity for Jefferies globally. We look forward to his continued leadership at this exciting time in our global expansion.” Mr. Weaver added: “One of our highest priorities at Jefferies is to expand our full-service US platform throughout Europe and Asia. Our goal is to continue to build out our global platform based on our historic strength in sales, trading and capital markets, our expanded research presence, our multi-sector, full service, integrated investment bank, and high quality asset management. We want to add value and provide the very best service to growing companies and their investors on a global basis.” Jefferies has been operating outside the US for over 20 years and provides a full-service offering to growing and mid-sized companies and their investors on a global basis. The Firm has a network of offices in leading financial centers in Europe and Asia, including London, Paris, Zurich, Tokyo, Shanghai, Singapore and Dubai, with pending office openings in Frankfurt and New Delhi, and a support office in Hong Kong. Jefferies provides a range of investment banking services in a number of global growth sectors including aerospace and defense, cleantech, energy, healthcare, industrial and technology. The Firm is also a leader in the sale of global equities, convertible and high yield bonds, providing a variety of leading-edge solutions in sales, trading, analysis and investment management. Jefferies worked on more than 350 transactions worth over $145 billion during 2006, with 165 debt and equity capital raisings and 190 merger, acquisition and restructuring engagements, including more than 80 transactions worth over $23 billion for European and Asian companies. Jefferies International Limited is a member of the London Stock Exchange, a sponsor on the main board, and a Nomad for the Alternative Investment Market (AIM). Beyond the UK, Jefferies International Limited is a member of the Deutsche Börse (Xetra electronic trading platform), Euronext, Oslo Bors and Dubai International Financial Exchange (DIFX). Mr. Weaver will be responsible for managing the continued growth of Jefferies’ in Europe, Asia and the Middle East. A 25-year veteran of the financial services industry, his experience spans the US and Europe, including the last 17 years at Deutsche Bank / BT Alex Brown in a variety of roles. Mr. Weaver has focused on growing and middle-market companies for most of his career, with an emphasis on the equity capital markets and growth-related industries. He received a Bachelor’s degree from Williams College and an MBA from Harvard Business School. 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). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985 and is authorized and regulated by the Financial Services Authority ("FSA"). For further information, please contact: Tom Tarrant Director of Marketing Jefferies & Company, Inc. T: +1 203 708 5989 E: ttarrant@Jefferies.com Desirée Maghoo Director, Cubitt Consulting T: +44 207 367 5107 M: +44 777 552 2740 E: desiree.maghoo@cubitt.com |
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