Jefferies Enhances Global Equity Research Management Team

Jefferies announced today the hiring of Richard Taylor as Head of International Equity Research in London and Robert Fagin as Co-Director of US Equity Research in New York. Mr. Taylor will lead Jefferies’ equity securities research effort in Europe and Mr. Fagin will partner with Susan Gilbertson, Co-Director of US Equity Research, in leading the firm’s US equity research.

"We are very pleased to welcome Richard and Robert to Jefferies,” commented Steven R. Black, Global Head of Equity Research at Jefferies. "Their significant experience and outstanding reputations make them key additions to our established equity research effort. These additions demonstrate Jefferies’ commitment to providing our institutional clients with high-quality, independent equity research on a global basis.”

Jason Griffith, Global Head of Equities at Jefferies, said, "These appointments enhance the leadership of our equity research offering and are further confirmation of our commitment to delivering high-quality equity research globally. Steve, Susan, Robert and Richard, together with our team of 64 senior equity research analysts worldwide covering nearly 1,000 companies, will continue to enable Jefferies to provide our institutional clients with valuable insight and perspective.”

Jefferies’ research analysts consistently rank among the top industry professionals, capturing 31 analyst awards year-to-date in 2010, including honors from The Wall Street Journal "Best on the Street” Analyst Survey, Institutional Investor, Forbes.com / Zacks Investment Research and Financial Times / StarMine. Jefferies and its affiliates have more than 180 equity and leveraged finance research professionals globally covering over 1,300 companies in the areas of aerospace & defense, clean technology, consumer, energy, financial services, gaming & leisure, healthcare, industrials, maritime, media & entertainment, real estate, technology, telecommunications and utilities.

Mr. Taylor brings to Jefferies more than 25 years of industry experience, including the most recent 13 years at Citigroup, where he was most recently Managing Director and Head of European Equity Research. Previously, Mr. Taylor was a Deputy Managing Director at Natwest Markets and Head of European Equity Research. He received a BA from the University of Oxford in Philosophy, Politics & Economics.

Mr. Fagin was most recently Associate Director of Equity Research at Banc of America Securities, where he worked for five years. Prior to that, he was a Managing Director and Senior Research Analyst covering the Telecommunications sector at Bear Stearns, and a Director and Senior Analyst at CIBC Oppenheimer covering the Software sector.

Jefferies, a global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.