Dirk Schlochtermeyer, Ph.D. Joins as European Head of Insurance Services
LONDON and NEW YORK, 2 February 2011 - In the continued development of the firm.s Fixed Income Division, Jefferies today announced the appointment of Dirk O. Schlochtermeyer, Ph.D. as Head of European Insurance Services within the firm.s Rates Group.
In a joint statement, Johan Eveland and William H. Jennings II, Co-Heads of the Fixed Income Division at Jefferies, said, "Dirk is a strong addition to our team in Europe. His notable experience and relationships will add value to our global fixed income platform as we continue to expand our business in Europe and Asia."
Domenico Crapanzano, Head of European Rates Sales and Trading, and Arun Jagannathan, Head of Solution Sales Europe, added, "We are pleased to welcome Dirk to our team. His hiring demonstrates the firm's commitment to the European insurance sector and strengthens our ability to lead the discussion on regulatory developments within the industry."
Previously, Dr. Schlochtermeyer headed the capital markets unit of the German Insurance Association, whose members hold more than 1.2 trillion in assets.
The Rates business within Jefferies. global Fixed Income Division has significantly expanded since the unit was started in early 2009. In addition to being designated as a Primary Dealer by the Federal Reserve Bank of New York, over the last two years Jefferies has been appointed as an official member of the Federal Republic of Germany's bidding group, a Gilt-edged Market Maker (GEMM) jointly by the UK Debt Management Office and the London Stock Exchange, a Dutch Primary Dealer by the Dutch State Treasury, an EBT (Especialistas em Bilhetes do Tesouro) by IGCP in Portugal, and a member of the Auction Panel for Republic of Austria Government Bonds.
Jefferies' broader fixed income business now has more than 500 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.
Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for 49 years.
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