December 18, 2014 11:31 AM ET

Capital Markets

Company Overview of Jefferies Group LLC

Company Overview

Jefferies Group LLC operates as an integrated securities and investment banking company in the Americas, Europe, and Asia. The company’s Capital Markets segment is engaged in the research, sale, and trade of equity and equity-related products, including common stock, American depository receipts, global depository receipts, exchange-traded funds, exchange-traded equity options, convertible and other equity-linked products, and closed-end funds; provision of financing, securities lending, and other prime brokerage services; and provision of wealth management services to high net worth individuals, private equity and venture funds, and small institutions. It is also involved in the sale and tr...

520 Madison Avenue

New York, NY 10022

United States

Founded in 1962

3,885 Employees

Phone:

212-284-2550

Key Executives for Jefferies Group LLC

Executive Chairman and Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 50
Chief Executive Officer of Jefferies Bache and President of Futures Brokerage Division
Director
Age: 58
Executive Vice President
Age: 58
Compensation as of Fiscal Year 2014.

Jefferies Group LLC Key Developments

Jefferies Group LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014

Jefferies Group LLC reported unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the company reported total revenues of $735,774,000 against $1,139,157,000 for the same period last year. Net revenues were $537,579,000 against $950,548,000 a year ago. Loss before income taxes was $101,481,000 against earnings before income taxes were $175,660,000 for the same period last year. Net loss attributable to the company was $92,358,000 against net income attributable to the company of $109,943,000 for the same period last year. Adjusted net revenues were $493,952,000 against $904,788,000 a year ago. Adjusted operating income was $30,342,000 against $207,753,000 a year ago. Adjusted net earnings were $19,181,000 against $136,785,000 a year ago. For the year, the company reported total revenues of $3,859,035,000, net revenues of $3,002,908,000, earnings before income taxes of $315,560,000 and net earnings attributable to the company of $164,961,000. Adjusted net revenues were $2,827,625,000, adjusted operating income was $517,449,000 and adjusted net earnings were $324,803,000. For the quarter, the company reported goodwill impairment for the fourth quarter ended November 30, 2014. For the quarter, the company reported goodwill impairment of $54,000.

Jefferies Group Pursuing Strategic Alternatives For Bache Business

Jefferies Group LLC is pursuing strategic alternatives for its Bache business. Richard B. Handler, Chairman and Chief Executive Officer, and Brian P. Friedman, Chairman of the Executive Committee said: “As a result of the growth and margin challenges we have recently faced in the Bache business we acquired in mid-2011, we are pursuing strategic alternatives for this business, and discussions with third parties in this regard are already underway. We are focused on the potential combination of Bache with another similar business that improves the combined businesses’ competitive standing and margin.”

Jefferies Group LLC Appoints Tim Sullivan as Head of U.S. High-Yield Bond Trading

Tim Sullivan was appointed as head of U.S. high-yield bond trading at Jefferies Group LLC. Sullivan joined the company as a trader in 2011.

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