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NEW YORK, April 14, 2009 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of A. Markman (“Mark”) Peters as Managing Director and Head of the Firm’s Wealth Management Group. Mr. Peters, who joins from SunTrust Bank, brings to Jefferies 29 years of experience in private wealth management.
“We see a terrific opportunity to grow Jefferies’ wealth management business given the reduction in the number of full service Wall Street firms serving this market,'' commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. “Mark Peters, with his tremendous relationships and experience in building successful platforms at other firms, is the ideal person to lead Jefferies’ wealth management effort, and his hiring reflects our increased commitment to expand the services we offer executives, families and high net worth individuals.”
Brian P. Friedman, Chairman of Jefferies Executive Committee, added, “We are fortunate as a firm to be able to make strategic hires at this key inflection point in the history of our industry. Our private client business brings together a number of Jefferies’ core capabilities, and we expect Mark Peters to provide substantial leadership and drive the growth of this business.”
"I'm excited to join a thriving platform so well-positioned on Wall Street," said Mr. Peters. "My experience working in both brokerage and private banking, coupled with having helped build or restructure three wealth management franchises, will enable me to drive the expansion of Jefferies' wealth management business in this time of unique opportunity."
Jefferies’ Wealth Management Group, with professionals in New York, Atlanta, Boston, Dallas, Los Angeles and San Francisco, provides wealth management and related services to executives, families and high net worth individuals.
At SunTrust Bank for the past three years, Mr. Peters was most recently Executive Vice President and Head of Private Wealth Management, a business that included International Wealth Management, Sports & Entertainment Banking, Personal Asset Management and SunTrust Investment Services. He was also formerly the CEO of SunTrust Institutional Investment Advisors, a RIA serving institutional clients, and Head of Institutional Investment Solutions, a provider of investment services for Employee Benefits, Foundation & Endowment and Escrow Custody clients.
Before joining SunTrust, Mr. Peters served as Managing Director and Head of US Private Wealth Management at Deutsche Bank. Previously, he had a similar role at Citigroup Private Bank, was a Managing Director of Private Client Services at DLJ Securities and its successor, and also worked for 14 years at Goldman Sachs Private Client Services.
About Jefferies
Jefferies, an independent, full-service global securities and investment banking firm, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm provides investors with fundamental research and trade execution in equity, equity-linked, and fixed income securities, including corporate bonds, high yield bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt, as well as commodities and derivatives. Jefferies offers companies capital markets, merger and acquisition, restructuring and other financial advisory services. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com).
For further information, please contact:
Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Limited, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, Cubitt Jacobs & Prosek, 212 279 3115, x203, jpassman@cjpcom.com
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