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Jason Griffith, Head of Global Equities at Jefferies, commented:
"The addition of these industry veterans enhances the size and scope of Jefferies' capabilities in equity products for our institutional clients. Their hiring is a key step in our continued efforts to leverage Jefferies' full-service offering and bring additional levels of service to existing and new institutional clients. We welcome these new partners and are confident they will make a strong and immediate contribution to our client offering."
"This group of experienced professionals will help drive the growth of Jefferies' derivatives and ETF business as our firm continues to gain market share in a re-cast Wall Street," added David Silber, Head of Equity Derivatives who joined Jefferies in 2006.
Summary of Recent Hires
Jeffrey Mann joins Jefferies as a Managing Director within the Firm's Derivatives Sales Group. He brings nearly 20 years of experience to Jefferies and will focus on the sale of derivative securities, including listed options, ETFs and OTC options and swaps. Mr. Mann was most recently at Barclays following that firm's acquisition of Lehman Brothers, where he spent twelve years, and previously at Chase. Mr. Mann received an MBA from the Stern School of Business at New York University and a BA from Lafayette College. He will be based in Jefferies' New York headquarters office.
Paul Brownstein joins Jefferies as a Senior Vice President within the Firm's Derivatives Sales Group. He has more than twenty years of experience in equity derivatives and was most recently in the derivatives sales group at JP Morgan following that firm's acquisition of Bear Stearns. Prior to that, Mr. Brownstein worked for Susquehanna Financial Group and Deutsche Bank. He received an MBA from the University of Pittsburgh and a BS from State University of New York at Oneonta. Mr. Brownstein will be focused on expanding Jefferies' derivatives footprint on the West Coast and is based in the firm's San Francisco office.
Mike Cohen joins Jefferies as a Vice President within the Firm's Derivatives Sales Group. He was previously at UBS, where he was part of that firm's equity derivatives sales group. He received a BS from The Pennsylvania State University and is based in New York.
Andrew Ruckh joins Jefferies as a Senior Vice President and Head of ETF Trading in the firm's Derivatives Group. Most recently he was at Deutsche Bank, where he was a Director and led that firm's ETF trading effort, and previously was in the ETF group at Morgan Stanley. Mr. Ruckh received a BS at Dartmouth College and an MBA from the Tuck School of Business at Dartmouth. He is based in New York.
Ryan Hadrava joins Jefferies as a Vice President and ETF Trader within the firm's Derivatives Group. He has fifteen years of ETF experience and was most recently at JP Morgan following that firm's acquisition of Bear Stearns, where he was a Vice President in the ETF group. Previously, Mr. Hadrava was with Citigroup and Merrill Lynch. He received a BA from the University of Pennsylvania and is based in New York.
Jason Skalski joins Jefferies as a Vice President and Trader within the firm's Derivatives Group focusing on listed and OTC options. He has seven years of experience and was most recently at UBS, where he worked in a similar role. Mr. Skalski received a BS from the Massachusetts Institute of Technology and is based in New York.
The expansion of Jefferies' Derivatives Group and other equity financial products, including electronic trading services, prime brokerage and securities finance, is part of the broader strategy of continued growth and diversification in the firm's equity sales and trading platform. Jefferies' global equities effort integrates one of the largest teams of sales, sales-trading, trading and research professionals in the US, Europe and Asia. A recognized leader in institutional equity trading, Jefferies ranked #1 in both Traditional Execution and Trading Expertise & Market Knowledge in a 2008 survey of hedge funds by Alpha Magazine, an Institutional Investor publication.
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
