Market Overview

Jefferies Names New General Counsel


Jefferies Group Inc. announced today that Michael J. Sharp has been named Executive Vice President, General Counsel, and Secretary. He will assume these positions for both Jefferies Group, Inc. and its principal operating subsidiary, Jefferies & Company, Inc. effective November 26, 2010. Mr. Sharp will replace Lloyd H. Feller, who will retire at the end of the year following eight years of service in the position.

“Lloyd Feller has played an integral role in what has been a very dynamic period in our industry during which our firm experienced significant growth and development. His contributions are many, and we deeply appreciate his tireless efforts,” commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. “We are very pleased to welcome our new partner, Mike Sharp, who brings a wealth of experience and knowledge to Jefferies at this critical time of ongoing growth and change for our firm and our industry. His extensive and varied background in the securities, investment banking and broker-dealer communities will be invaluable to our capitalizing on future opportunities,” added Mr. Handler.

“Working with Lloyd Feller these past eight years has been an exceptional honor and pleasure for all of us at Jefferies. His wisdom and counsel supported our strategy and our actions, and we thank him for all he has given us,” said Brian P. Friedman, Chairman, Executive Committee. “We welcome Mike Sharp to Jefferies and look forward to continuing to build our firm with his guidance and leadership.”

Mr. Sharp joins Jefferies from WilmerHale, where he had been a partner in the Securities Department since March 2009 and focused on securities litigation and enforcement matters related to that firm's broker-dealer and financial-services practices. Prior to that, Mr. Sharp spent 12 years at Citigroup, where he served as General Counsel for Global Wealth Management, Consumer Banking and Global Cards.

Mr. Sharp has been involved in nearly all aspects of the financial-services industry. After earning his MBA from Cornell University, Mr. Sharp traded US Treasury Bonds and related instruments for seven years before getting his JD from the University of Georgia Law School, where he served as Editor-in-Chief of the Law Review. Following a clerkship on the US Court of Appeals for the Eleventh Circuit, Mr. Sharp was a litigation associate at Cravath, Swaine & Moore for five years before joining Citigroup.

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:, 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.

Tom Tarrant, 203-708-5989
Desiree Maghoo, 44 20 7029 8085
CJP Communications
Josh Passman, 212-279-3115, x203

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