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FOR IMMEDIATE RELEASE Jefferies Adds Senior Aerospace and Defense Analyst NEW YORK--(BUSINESS WIRE)--May 6, 2003--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Samuel J. Pearlstein as a Managing Director and Senior Equity Research Analyst. Mr. Pearlstein will continue to follow the aerospace and defense sectors, areas in which he has been a leading analyst for the past nine years. Mr. Pearlstein is a three-time Wall Street Journal All-Star Analyst, having been selected in 1999 and 2002 for stock picking, and on the basis of earnings accuracy in 2000. "We are delighted to welcome Sam Pearlstein to Jefferies," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "He is well known as a leading analyst in the global aerospace and defense sectors and will quickly add value for our institutional clients." "Jefferies' acquisition of Quarterdeck Investment Partners, a leading investment bank for aerospace and defense companies, has helped us focus on these sectors," added John C. Shaw, Jr., President of Jefferies. "We believe Jefferies' institutional clients will benefit from coverage of these areas by such an experienced and well-respected analyst." "I'm excited about joining Jefferies and look forward to leveraging the firm's significant trading capabilities and further enhancing my relationships with the institutional community," said Mr. Pearlstein. Mr. Pearlstein will report to Steven R. Black, Director of Equity Research, and will be based in the firm's Short Hills, New Jersey office. He was most recently a Managing Director and Senior Research Analyst at Wachovia Securities, Inc. for three years, and held a similar position while at ING Barings LLC for the three years previous to that. Mr. Pearlstein earned an MBA from The Stern School of Business at New York University and a BS, cum laude, at the University of Pennsylvania. He is President of the Aerospace Analyst Society. About Jefferies Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), is a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage, private client services and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' affiliate, Helfant Group, Inc., executes approximately twelve percent of the daily reported volume on the NYSE. Through its subsidiaries, Jefferies Group, Inc. employs more than 1,350 people in 21 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo, Washington and Zurich. Further information about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com. CONTACT: SOURCE: Jefferies & Company, Inc. |
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