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"With the addition of these new partners, we continue to expand Jefferies' high yield and distressed debt platform and strengthen our presence in par loan trading," commented Richard Handler, Chairman and CEO of Jefferies. "These new hires are a substantial augmentation of our presence in this important market, and are part of the continued build-out of our broader high yield and distressed platform."
"We are excited to welcome to our team these two extraordinarily talented and well-regarded professionals, whose joining our firm is indicative of the industry's recognition that Jefferies is a significant player in the leveraged loan and distressed space," added Robert Harteveldt, Chairman of Fixed Income.
In less than a year, Jefferies has added nine sales professionals, three traders, and seven analysts to this effort, expanding the team to approximately 50 professionals dedicated to high yield, leveraged loans, distressed and special situations sales, trading and research.
Anthony LoGrippo joins Jefferies from Deutsche Bank, where he worked for eleven years and was most recently a managing director and head of par loan trading within that firm's senior debt capital markets effort. Previously, he was a Director in the leveraged portfolio group at Bankers Trust. Mr. LoGrippo started his career at The Chase Investment Bank (now JP Morgan) and received a BBA in Banking and Finance with Highest Honors from Hofstra University.
John Gally also joins Jefferies from Deutsche Bank where he worked for nine years and was most recently a vice president and trader of bank debt and loan credit default swaps. Mr. Gally received a BA in Economics from Fairfield University.
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
