NEW YORK, April 25, 2011 – In the continued development of the firm’s Fixed Income Division, Jefferies announced today the expansion of the Investment Grade sales and trading group with the addition of David L. Murphy, who joins as a Managing Director for Corporate Bond Sales.
Tom Thees, Head of Investment Grade Corporate Bond Sales and Trading at Jefferies, commented, “We are pleased to welcome a proven professional like David to Jefferies. His addition is part of the ongoing enhancement of our investment grade effort and demonstrates Jefferies’ commitment to providing our institutional clients with best-in-class fixed income product, strategy and trading.”
Jefferies’ broader fixed income business now has nearly 525 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.
Mr. Murphy brings to Jefferies more than 20 years of experience and joins the firm from Morgan Stanley, where he spent 17 years and was most recently an Executive Director in Fixed Income sales and trading. Previously, he worked in fixed income sales at Dillon Read & Co. and Wertheim Schroeder and traded municipal bonds at Citigroup.
Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.
For further information, please contact: