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FOR IMMEDIATE RELEASE Jefferies Hires Head of Equity Structured Products; Veteran Mark O'Donnell Expands Derivatives Effort in Strategic Development of Equity Financial Products NEW YORK--(BUSINESS WIRE)--May 31, 2006--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Mark O'Donnell as Head of Structured Products within the Firm's Equities Department. This new role represents yet another step in the ongoing expansion of Equity Financial Products at Jefferies. Mr. O'Donnell will partner with Alex Wohl, who recently joined as Head of Equity Derivatives Trading from Goldman Sachs, to build out Jefferies' structured products offering, including: equity swaps and over-the-counter options, equity-linked investment products, structured products related to hedge funds, and other specialty products serving the Firm's institutional, corporate and private client relationships. "The addition of Mark O'Donnell, a well-known and very respected Wall Street veteran, is a critical part of our continued strategic expansion of Equity Financial Products at Jefferies," commented Richard Handler, Chairman and Chief Executive Officer of Jefferies. "Jefferies will always lead with trading, and our continued investment in this business is designed to strengthen and expand our exceptional platform." In a joint statement, Jason Griffith and Ross Stevens, PhD, Co-Heads of Equity Products at Jefferies, said, "Mark O'Donnell has an unmatched reputation and track record on Wall Street. As Head of Structured Products, his skills and experience are highly complementary to Jefferies' leading sales and trading platform." "I am very excited to join the Jefferies' team and look forward to expanding the firm's growing derivatives capabilities," remarked Mr. O'Donnell. Jefferies has been serving institutional investors in equities since 1962 and has grown to be one of the leading firms providing liquidity and best execution to a broad group of customers around the world. With the continuing evolution of client needs, Jefferies has responded with an increasing array of trade execution capabilities. The Firm makes markets in over 5,000 stocks and trades the securities of more than 8,500 companies. Jefferies is a top broker in both NYSE and NASDAQ trading, and, through its affiliate Jefferies Execution Services, executes nearly 9% of the average daily reported volume on the NYSE. Mr. O'Donnell has worked in the securities industry for eleven years and has managed fund-linked products as well as focused on institutional equity derivatives coverage and equity-linked notes. He earned a masters degree in mathematics from Columbia University's Graduate School of Arts and Sciences, as well as a bachelors degree from Columbia College. Mr. O'Donnell will work in the Firm's New York City headquarters office. 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). Important Information Regarding Statements Made in this Release The statements in this press release that are not historical facts, including, most importantly, information concerning possible results of operations, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results to be materially different from any expected future results. Please refer to our most recent Form 10-K filed with the Securities and Exchange Commission on March 1, 2006 for a discussion of important factors that could cause actual results to differ materially from those projected in these forward-looking statements. CONTACT: SOURCE: Jefferies & Company, Inc. |
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