Jefferies International Hires Head of Recapitalisation & Restructuring

Jefferies International Limited today announced that Frank Sekula has joined as a Managing Director and Head of Recapitalisation & Restructuring for Europe within the firm’s Investment Banking Division. With this hire Jefferies’ recapitalisation and restructuring group now includes 45 dedicated professionals globally, with the added support of a cross-functional team of 12 investment bankers in Europe.

Mr. Sekula has more than 18 years of industry experience and has been involved in a number of recapitalisation and restructuring transactions for European clients, including Fiat, ABB, m-real, Avis Europe, Laurel Pub Company, Waterford Wedgwood, Mosaic Fashions, EMI and TI Automotive. Mr. Sekula spent one year with Kaupthing restructuring its European debt and principal investments business, and nine years at Barclays Capital, where he served as Head of High Yield Capital Markets and in other debt recapitalisation and restructuring roles. Mr. Sekula began his career in New York with Bankers Trust, CS First Boston and PaineWebber. He was awarded a B.S. in Commerce from the University of Virginia.

"We are delighted that Frank Sekula is joining us to lead Jefferies’ European recapitalisation and restructuring practice,” commented David Weaver, President of Jefferies International. "Jefferies remains committed to providing our clients with solutions rooted in extensive recapitalisation and restructuring experience and coupled with deep knowledge of the sectors in which they operate.”

In a joint statement, Michael Henkin and Steven Strom, Co-Heads of Jefferies’ global Recapitalisation & Restructuring advisory practice, added, "The appointment of Frank Sekula underscores Jefferies’ commitment to providing our European clients with the best quality advice and execution, backed by the full service resources of the Firm, whatever the market environment.”

In 2008, Jefferies was involved in more than 40 restructuring and recapitalisation assignments concerning debt of over $50 billion. Recent mandates include New Star, Nortel Networks, Pliant and The Vita Group.

Last month, Frank Jung joined Jefferies from Goldman Sachs as a Managing Director of the firm’s recapitalisation and restructuring team in Germany, and, earlier this year, Hal Kennedy and Leon Szlezinger joined as Managing Directors based in New York.

About Jefferies

Jefferies, an independent, full-service global securities and investment banking firm, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm provides investors with fundamental research and trade execution in equity, equity-linked, and fixed income securities, including corporate bonds, high yield bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt, as well as commodities and derivatives. Jefferies offers companies capital markets, merger and acquisition, restructuring and other financial advisory services. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985 and is authorised and regulated by the UK Financial Services Authority.