Leadership Letters
Summer Interns Share Messages for Jefferies in August
Team Jefferies, Every August, we use our monthly letter to share insights and ideas from our global summer interns and use it as an opportunity both to hear what’s on their minds and to personally reset and reflect. This year, we asked all 365 summer interns to share a message with all of us that
A Six Month Off-The-Grid-Sabbatical?
Dear Clients, Jefferies Teammates, and Friends, There is little doubt we began calendar 2025 with exceptionally high expectations regarding strength in the financial markets. After several years of below the mean activity for capital formation and strategic mergers and acquisitions (primarily due to the rapid re-adjustment to normal interest rates), the prevailing sentiment was that
These Policies and Services Are For Your Benefit And They Also Make Jefferies Stronger
Team Jefferies, You have heard us say countless times that all of you, our employee-partners, are Jefferies’ most valuable asset. There are many things that differentiate Jefferies, but we believe our success hinges on our culture: our sense of mission, purpose, empathy, humility and compassion are all at the top of the list. In full
A Moment in Time – Uncertainty and Volatility Rise
To Our Clients and Employee-Partners, Yet again, businesses, investors and the capital markets are experiencing a moment of uncertainty driving increased volatility and reduced confidence and visibility. We all operate more effectively during periods of direction, rather than in times of uncertainty. Tariffs, layoffs, spending halts, declines in consumer confidence, the specter of higher inflation
When An Email Won’t Do
Team Jefferies, Our lives are forever better thanks to the technological genius of emails and messaging. Perhaps no other invention has so successfully improved the quality of our lives by allowing for quick and efficient communication with an individual or a group of people. With the stroke of a finger, everyone can quickly be on
Navigating Volatility
Team Jefferies, Last week, markets delivered an ample dose of volatility in reaction to the possibility of a much more efficient way to proliferate AI in the world. And if that wasn’t enough, the possibility of material tariffs has gone from theory to likely in a matter of days. Now, it is possible that both
12 Jefferies Wishes for December
We completed Jefferies’ fiscal 2024 this past Friday, and today we start the sprint forward into fiscal 2025 in our best position ever by far. 2024 was the recovery year we had anticipated one year ago, and we are quite pleased with our results and, more importantly, our prospects for the future. While last month
Eight Things to Be Thankful for in November at Jefferies
Team Jefferies, As we head into November, we wanted to take a moment to reflect and think about what we are most thankful for as we close out Jefferies’ 2024 Fiscal Year at the end of the month. Here are our top eight: The two of us could not be more grateful for all we
A Common Sense Guide to Lower Interest Rates
Dear Clients, Jefferies Teammates, and Friends of Jefferies, When it became clear that interest rates were going to rise materially for the first time in 15 years after a prolonged period of intense stimulus and free money (correct response to the global financial crisis and COVID-19), we shared three notes about what we “Boomers” learned