FOR IMMEDIATE DISTRIBUTION
NEW YORK, May 11, 2009 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that Andrew Peisch has joined the firm’s Fixed Income Division as a Managing Director and Co-Head of Mortgage- and Asset-Backed Securities (MBS/ABS) Banking and Origination. He has more than 25 years of industry experience and was most recently a Managing Director and Head of Structured Credit Products Banking and Origination for the Americas at Deutsche Bank, where he worked for six years.
Mr. Peisch will co-head the firm’s MBS/ABS banking and origination group along with Adam Smith, who joined Jefferies in April 2008. Together, Messrs. Peisch and Smith will lead the firm’s underwriting and structuring effort for MBS/ABS transactions, including the incorporation of related government programs. They will jointly report to Johan Eveland and William H. Jennings II, Co-Heads of Jefferies’ MBS and ABS Group.
In a joint statement, Messrs. Eveland and Jennings, commented, "We are pleased to welcome Andrew Peisch to our team and believe his exceptional experience, product expertise and industry contacts will enable Jefferies to continue the strong momentum we’ve recently achieved in this business. As the MBS/ABS market recovers with stimulus from various government programs, we see a tremendous opportunity for Jefferies to add value for our clients.”
“I’m very excited to be part of the MBS/ABS team at Jefferies and see great opportunity in working to continue the firm’s strong growth in the MBS/ABS platform,” added Mr. Peisch.
The addition of Mr. Peisch marks the next step in Jefferies’ continued commitment to building its structured finance business. Jefferies' MBS/ABS group now includes more than 50 sales, trading and execution professionals in the US and London. Jefferies was ranked #1 for US CMO issuance during the fourth quarter of 2008 ($3.8 billion, 28% share of market), and ranked as the #1 bookrunner of US MBS origination for all of 2008 ($4.1 billion, 17% share of market).
This announcement further demonstrates Jefferies’ growing strength in fixed income, where the firm now has more than 250 professionals focused on the sales and trading of investment grade corporate bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt. In March, Jefferies closed its acquisition of Depfa First Albany Securities, a leading municipal securities firm that provides integrated investment banking, advisory and sales and trading services.
Before leading the MBS/ABS banking effort at Deutsche Bank, Mr. Peisch led the effort at both Prudential Securities and Merrill Lynch, where he spent 11 years. Mr. Peisch received a BA in History from Dartmouth College and an MBA from Harvard Business School.
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).
For further information, please contact:
Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Ltd, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com
