Jefferies Adds Head of European Telecommunications Investment Banking

Jefferies announced today that Michael Herbst has joined as a Managing Director and Head of European Telecommunications Investment Banking. Mr. Herbst will be based in the firm’s London office.

"The appointment of Michael Herbst represents our formal entry into European telecommunications investment banking and is part of our ongoing strategy to build our investment banking presence in Europe through the addition of high quality bankers.” commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "Michael brings to our European telecommunications business strong relationships with both the major European telecommunications companies as well as the alternative network providers.”

David Weaver, President of Jefferies International, added, "Telecommunications is a dynamic and important sector for Jefferies in Europe across investment banking, sales, trading and research. We are therefore delighted that Michael is joining Jefferies as we globalize our investment banking footprint in telecommunications.”

Mr. Herbst brings to Jefferies more than 14 years of investment banking experience, and joins the firm after 11 years at UBS, where he was most recently a Managing Director in Investment Banking focused on coverage of the European Telecommunications and Media sectors. Previously he spent three years in Telecommunications and Media Investment Banking at Dresdner Kleinwort Benson. He received his undergraduate degree from the European Partnership of Business Schools (ESB) in Reutlingen, Germany and his Masters in Accounting and Finance from the London School of Economics.

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 U.S. operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com), and Jefferies International Limited is the principal U.K. operating subsidiary. Jefferies International Limited, a U.K.-incorporated company, is authorised and regulated by the U.K. Financial Services Authority.