Jefferies announced today that Benjamin D. Lorello has been named Global Head of Investment Banking and Capital Markets. In this new role, Mr. Lorello will be responsible for the management of the Firm’s global investment banking and capital markets operations.

"Since joining our firm as Chairman of Investment Banking in July, Ben has already made a significant contribution to our business, bringing best practices as well as important clients to Jefferies," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "We look forward to Ben making an even greater contribution in this new role, accelerating our growth and market share in investment banking and capital markets.”

"After the epic changes in our industry over the past two years, Jefferies has emerged as a major force in investment banking,” said Mr. Lorello. "I am pleased to have the opportunity to apply my many years of experience to the vast business opportunity available to Jefferies today."

Mr. Lorello has over 32 years of investment banking experience on Wall Street. Prior to joining Jefferies as Chairman of Investment Banking in July of this year, Mr. Lorello was employed by UBS for over 10 years, where he served as Vice Chairman and Global Head of Healthcare Investment Banking, and built and managed the largest healthcare investment banking group in the world. Prior to joining that firm, Mr. Lorello was employed by Salomon Smith Barney for 15 years, where he served as Managing Director and Global Head of Healthcare Investment Banking, and for seven years at Shearson Lehman Brothers in investment banking.

About Jefferies

Jefferies, a major global securities and investment banking group, 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. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., is authorised and regulated by the UK Financial Services Authority.