NEW YORK--(BUSINESS WIRE)--April 18, 2006--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), announced today that the high grade fixed income sales and trading business formerly operated under the Bonds Direct name will be included within the broader Jefferies brand in the future.
A market maker for institutional investors in investment grade fixed income securities, the former Bonds Direct business has been integrated into the operations of Jefferies following the acquisition in October 2004 of the minority interest of Bonds Direct Securities LLC not previously owned by Jefferies.
"We are delighted with the recent strength of this business and are pleased that the former Bonds Direct business has been fully integrated onto our platform following the acquisition," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies.
Jefferies sales and trading offerings in fixed income include the firm's longstanding high yield and convertible businesses, as well as high grade corporate, treasury, and other U.S. government agency bonds, mortgage securities, and emerging market securities.
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The Firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).
CONTACT:
Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@Jefferies.com
SOURCE: Jefferies Group, Inc.