Jefferies Appoints New Head of U.S. Equity Trading and Enhances Overall Alignment of U.S. Equities Trading Team.
"Jefferies has recruited significant additional sales, trading, capital markets, research, and technology professionals to our U.S. Equities department over the past 15 months, increasing our headcount in this area to more than 650 people," commented Richard B. Handler, Chairman and CEO of Jefferies. "This investment in human and intellectual capital demonstrates our deep commitment to attracting world-class talent and maintaining our leadership in providing liquidity and execution to institutional investors around the globe."
Jefferies' U.S. equity trading group is aligned into sector teams led by seasoned senior trading professionals:
* In addition to his role as Head of Trading, Mr. Craig will continue as head of Consumer, Retail, and Gaming sector trading. Kenneth F. Byrne and Matthew L. Pymm, with 25 years of trading experience between them, are joining Jefferies as Co-heads of Healthcare sector trading. William W. Painter continues as head of the Firm's Financials sector trading.
* Thomas E. Labenz recently joined Jefferies to lead trading of the Technology, Media, and Telecommunications (TMT) sectors. Christopher M Braceland heads the Firm's Media and Telecommunications trading, specifically.
* Michael F. Rail oversees all trading in the Energy, Utilities, and Industrial sectors. Later this quarter, Mr. Rail will be joined by Mark A. Di Benedetto and Peter McQuade, both most recently at Credit Suisse and with over 20 years of trading experience between them. Messrs. Di Benedetto and McQuade will focus on Utilities and Metals & Mining trading, respectively. Edward Britt heads the Firm's Industrials sector trading effort.
* Stephen L. Dolan will head the trading of Small-Cap and Bulletin Board securities (with a focus on Special Situations). Alfonse Lentini will continue as head of Bulletin Board trading.
In addition to these sector teams, Craig Peckham, most recently head of Special Situations Equity Research at Jefferies, will join the trading department as a desk analyst and head of Special Situations Trading Strategy. In this new role, Mr. Peckham will establish client-centric, special situations strategies that include post-reorganization, risk arbitrage, spin-offs, and distressed equities. Mr. Peckham's initial focus will be in support of the Firm's leading institutional Bulletin Board business.
"Our world-class and well-known sales trading team will now be even better aligned with its equally-talented sector trading partners. Our clients will experience a significantly enhanced trading product that further leverages the best execution and natural crossing opportunities that Jefferies has long been known for delivering," said Ross L. Stevens, Co-Head of the Firm's Equity Department.
"This alignment of our trading effort in U.S. Equities is another example of our rapidly-expanding full-service offering, and the addition of one of our top-rated research analysts to our trading team further demonstrates our commitment to providing clients with the most innovative and productive trading solutions," added Jason D. Griffith, Co-Head of the Firm's Equity Department.
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 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).