Jefferies Financial Group Inc
Jefferies Group LLC and its subsidiaries operate as a global full service,
integrated securities and investment banking firm. Our largest operating subsidiary,
Jefferies LLC (“Jefferies”), was founded in the U.S. in 1962 and
our first international operating subsidiary, Jefferies International Limited
(“Jefferies Europe”), was established in the U.K. in 1986. On March
1, 2013, we converted into a limited liability company (renamed Jefferies Group
LLC) and became an indirect wholly owned subsidiary of Leucadia National Corporation
(“Leucadia”) (referred to herein as the “Leucadia Transaction”).
Richard Handler, our Chief Executive Officer and Chairman, is Leucadias Chief
Executive Officer and Brian P. Friedman, our Chairman of the Executive Committee,
is Leucadia’s President. Messrs. Handler and Friedman are also Leucadia
Directors. We are an SEC reporting company and retain a credit rating separate
from Leucadia.
We currently operate in two business segments, Capital Markets and Asset Management.
Our Capital Markets reportable segment, which principally represents our entire
business, consists of our securities trading and investment banking activities.
The Capital Markets reportable segment provides the sales, trading and/or origination
and execution effort for various equity, fixed income, futures, foreign exchange
and advisory products and services. The Asset Management segment includes asset
management activities and related services.
Our Capital Markets segment focuses on Equities, Fixed Income and Investment
Banking. We primarily serve institutional investors, corporations and government
entities.
We provide investment management services to pension funds, insurance companies
and other institutional investors. Our primary asset management programs are
strategic investment, special situation and global macro strategies. We partner
with Leucadia’s asset management business in providing asset management
services.
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