Jefferies Hires Robert Albano as Global Head of Compliance

    Business Editors

    NEW YORK--(BUSINESS WIRE)--Jan. 3, 2005--Jefferies Group, Inc. (NYSE: JEF) today announced that Robert J. Albano has joined the firm as the Global Head of Compliance and a Senior Vice President. Most recently, Mr. Albano was the Director of Global Capital Markets and Core Compliance at Merrill Lynch & Co. Prior to joining Merrill Lynch, Mr. Albano was the Global Director of Compliance and Regulatory Affairs at Donaldson, Lufkin & Jenrette for 18 years. Before his tenure with DLJ, Mr. Albano served as a Senior Compliance Officer for, among others, Lehman Brothers Kuhn Loeb & Co. and the White Weld division of Merrill Lynch. Mr. Albano is a past President of the Securities Industry Association's Legal and Compliance Division.
    "As a result of our growth both domestically and internationally, we have created a new senior position to manage our compliance efforts at the global level. Bob Albano will be responsible for overseeing the compliance program for all of Jefferies' affiliated U.S. and foreign broker dealers and investment advisory entities," said Richard B. Handler, Chairman and Chief Executive Officer of Jefferies.
    "Bob Albano has exactly the right background and experience to manage Jefferies' global compliance effort, and he is one of the most experienced compliance professionals on Wall Street. A strong and robust compliance department is a top priority for Jefferies. Bob has the requisite experience and talent to enhance and continue to build our compliance program as we continue to grow our businesses," added John C. Shaw, Jr., President of Jefferies.

    About Jefferies

    Jefferies, a global investment bank and institutional securities firm, has served mid-sized and growing companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefco.com).

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CONTACT: Jefferies & Company, Inc. Tom Tarrant, 203-708-5989 ttarrant@jefco.com

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES SOURCE: Jefferies Group, Inc.

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