FOR IMMEDIATE DISTRIBUTION
More than 70 employees have joined Jefferies as a result of the acquisition, including Kenneth D. Gibbs, who becomes President of Jefferies Municipal Securities Group, and Neil J. Flanagan, who will head the group’s Public Finance Department. The acquisition allows Jefferies to enter the municipals market in a comprehensive way, and is another step in the overall strengthening of Jefferies’ Fixed Income Department, which now totals nearly 250 employees.
Terms of the acquisition were not disclosed.
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
About Jefferies
Jefferies, an independent, full-service global securities and investment banking firm, has served companies and their investors for more than 45 years. Headquartered in New York City, 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 provides investors with fundamental research and trade execution in equity, equity-linked, and fixed income securities, including corporate bonds, high yield bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt, as well as commodities and derivatives. Jefferies offers companies capital markets, merger and acquisition, restructuring and other financial advisory services. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com).
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