FOR IMMEDIATE DISTRIBUTION
NEW YORK, January 29 2009 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Stephen Volkmann as a Senior Equity Research Analyst within the Firm's established industrial research franchise. Mr. Volkmann has more than 17 years of experience as an analyst covering machinery, trucking and diversified industrials companies.
The hiring of Mr. Volkmann extends Jefferies' established coverage of the Industrial sector, which now consists of 13 analysts following equity and high yield securities. These include equity research analysts Laurence Alexander, CFA (Chemicals and Clean Technology), Alexander Barnett, CFA (European Industrials), Paul Clegg (Clean Technology), John Dean (Diversified Industrials), Michael Dudas, CFA (Metals & Mining), Michael McNamara (Clean Technology), Howard Rubel (Aerospace & Defense) and Yvonne Varano (Diversified Industrials).
"The addition of Stephen Volkmann demonstrates Jefferies' commitment to the Industrial sector and builds upon the Firm's overall equity research franchise," commented Steven Black, Global Head of Equity Research at Jefferies. "His broad and diverse experience and relationships in the US, Europe and Asia will significantly extend our firm's reach in this space and add immediate value to our broad offering for institutional investors."
Jefferies' equity research analysts consistently rank among top industry professionals, capturing 17 analyst awards in 2008, including four analyst honors from The Wall Street Journal "Best on the Street" Analyst Survey, and thirteen awards from StarMine. Jefferies and its affiliates have nearly 150 equity and high yield research professionals in the US and Europe covering over 1,170 companies in the areas of aerospace & defense, business, consumer, financial and IT services, clean technology, energy, gaming & lodging, healthcare, industrial, media and entertainment, shipping & logistics, technology, and telecommunications.
Prior to joining Jefferies, Mr. Volkmann was an Executive Director and Machinery Analyst at JP Morgan. Previously, he was an Executive Director and Machinery / Multi-Industry Analyst at Morgan Stanley in New York and Tokyo. While at that firm, Mr. Volkmann was chosen for The Wall Street Journal "Best on the Street" Analyst Survey three times, and was named to the Institutional Investor All American and Global Research teams several times. He received a BA from The University of Massachusetts in Economics and Japanese Language and is a Chartered Financial Analyst.
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served companies and their investors for over 45 years. Headquartered in New York, with offices in more than 25 cities 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
Desiree Maghoo, Jefferies International Limited, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, Cubitt Jacobs & Prosek, 212 279 3115, x203, jpassman@cjpcom.com
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