Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Adds to European Fixed Income Sales and Trading

NEW YORK and LONDON, November 1, 2011 – Jefferies today announced the appointments of Guy Cornelius as a Managing Director and Head of Sterling Credit Sales, and Christian Janssen as a Managing Director and Head of Commercial Real Estate Debt Capital Markets Europe. Mr. Cornelius will be responsible for the sales of GBP-denominated fixed income securities, and will report to Jon Pliner and Frank Cerveny, Co-Heads of Jefferies’ European Credit business. Mr. Janssen will be responsible for European commercial real estate-related capital markets transactions, including commercial mortgage-backed securities and loans secured on European commercial real estate, and will report to Steve Hulett and Craig Tipping, Co-Heads of Jefferies' European MBS/ABS Group.

Tim Cronin, Head of International Fixed Income at Jefferies, commented, “We are pleased to welcome two proven professionals like Christian and Guy to Jefferies. Their significant experience will add immediate value to our global fixed income offering, and their addition demonstrates Jefferies’ continued commitment to providing our clients with world-class fixed income products, strategy and trading.”

Jefferies’ broader fixed income business now has nearly 525 professionals globally who are focused on the sales, trading and origination of investment grade and high yield bonds, U.S. and European government and agency securities, municipal bonds, repo finance, mortgage- and asset-backed securities, whole loans, leveraged loans, distressed securities and emerging markets debt.

Mr. Cornelius brings to Jefferies more than 22 years of experience and joins the firm from Nomura, where he was a Managing Director and Co-Head of Fixed Income, Currency and Commodities (FICC) Sales for Europe, the Middle East and Africa. Previously, he was a Managing Director and Head of Fixed Income at Evolution Securities. Prior to that, he was Managing Director in Fixed Income Sales at Lehman Brothers, and previously was Co-Head of European FICC Sales at UBS/SG Warburg, where he spent 16 years. He received a BA with Honours from Nottingham University.

Mr. Janssen brings to Jefferies more than 15 years of experience, and joins the firm from Barclays Capital, where he spent seven years and was most recently a Managing Director in the Commercial Real Estate Finance group. Previously, he spent seven years at Morgan Stanley in New York and London as an Executive Director in the Securitized Products Group, and prior to that spent three years at Credit Suisse in New York in Investment Banking. He received a MBA from the Yale School of Management and a BS from Columbia University.

Jefferies Group, Inc. (NYSE: JEF) is the global investment banking firm focused on serving clients for nearly 50 years. The firm is a leader in providing insight, expertise and execution to investors, companies and governments, and provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and commodities, in the U.S., Europe and Asia.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977, lulbrandt@leucadia.com
Richard Khaleel, Jefferies, +1 212 284 2556, rkhaleel@jefferies.com