Jefferies Group, Inc
 |
|
| Subsidiary | |
| Industry | Investment services |
| Founded | 1962 |
| Headquarters | New York City, New York, United States |
|
Area served
|
Worldwide |
|
Key people
|
Richard B. Handler (Chairman, CEO, President) Brian P. Friedman (Chairman of the Executive Committee) |
| Products |
Financial services Investment banking |
| Revenue |
 US$ 3,416 million (8/31/14) |
|
US$ 593 million (8/31/14) |
|
| Total assets |
US$ 44,764 million (8/31/14) |
| Total equity |
US$ 5,571 million (8/31/14) |
|
Number of employees
|
3,885 |
| Parent | Leucadia National Corporation |
| Website | jefferies.com |
Jefferies LLC is an American global investment bank and institutional securities firm headquartered in New York. The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management. This includes mergers and acquisitions, restructuring, and other financial advisory services.
Jefferies was named one of the World's Most Admired Companies by Fortune magazine in 2011, Best Place to Work in the Financial Industry by Here Is The City News in 2010, 2011, 2012 and 2013, and one of the best companies to work for in the UK by The Sunday Times.
On November 12, 2012, Jefferies announced its merger with Leucadia, its largest shareholder. At that time, Leucadia common shares were trading at $21.14 per share. As of December 31, 2015, Leucadia shares were trading at $17.39 per share. Jefferies remains independent and is the largest operating company within Leucadia. On March 1, 2013, along with the closing of the merger, Jefferies & Company, Inc. was converted to a limited liability company and re-branded Jefferies LLC.
Jefferies was founded by Boyd Jefferies in 1962. The firm started with $30,000 in borrowed capital, which Boyd Jefferies used to purchase a seat on the . In the early years, the firm was a successful trader and pioneer in what would be called the "third market", which allowed for the trading of listed stocks directly between institutional investors in an over-the-counter style, providing liquidity and anonymity to buyers. In addition to its third market niche, Jefferies pioneered use of the split commissions in 1964. By 1965, Jefferies had joined the Detroit, , , and stock exchanges. In 1967, the company joined the (NYSE), opening a five-person office in New York. The growing third market helped Jefferies become the seventh largest firm in size and trading on the NYSE during those years.
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