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MarketScreener Homepage  >  Equities  >  Nyse  >  Jefferies Financial Group    JEF

JEFFERIES FINANCIAL GROUP

(JEF)
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Jefferies Names Barclays Executive as New Finance Chief

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07/13/2020 | 04:40pm EDT

By Nina Trentmann

Investment bank Jefferies Group LLC hired Matthew Larson, the finance chief of Barclays PLC's Americas and Global Markets businesses, as its chief financial officer.

The former CFO of Jefferies, Peg Broadbent, died from complications related to Covid-19 -- the disease caused by the novel coronavirus -- in late March.

Mr. Larson will assume his new role at Jefferies effective Aug. 24, replacing interim CFO Teresa Gendron.

Ms. Gendron, the CFO of Jefferies' financial-services business, stepped in on March 29 to assume the interim role.

Mr. Larson joined Barclays in 2014, and became the bank's Americas finance chief in June 2017, according to his LinkedIn profile.

Before that, Mr. Larson, a certified public accountant, worked in various positions at Goldman Sachs Group Inc.

Jefferies Chief Executive Rich Handler said the company searched for an experienced and competent finance professional to fill the role. "He [Mr. Larson] is joining Jefferies during a period of strength for our company as we just recorded our best first half ever, but also a time with uncertainty and volatility due to the pandemic," Mr. Handler said.

Jefferies reported revenue of $2.53 billion for the six months ended May 31, up from $1.93 billion during the prior-year period. Income before tax and other provisions rose to $308 million as of May 31, compared with $183 million in the prior-year period.

Ms. Gendron will return to her position as CFO of Jefferies Financial Group Inc., the company said.

Write to Nina Trentmann at Nina.Trentmann@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 1.43% 105.3 Delayed Quote.-42.21%
JEFFERIES FINANCIAL GROUP -0.86% 16.205 Delayed Quote.-23.54%
THE GOLDMAN SACHS GROUP, INC. 0.46% 200.311 Delayed Quote.-13.90%
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Financials (USD)
Sales 2020 4 346 M - -
Net income 2020 172 M - -
Net Debt 2020 - - -
P/E ratio 2020 27,7x
Yield 2020 3,67%
Capitalization 4 357 M 4 357 M -
Capi. / Sales 2020 1,00x
Capi. / Sales 2021 1,01x
Nbr of Employees 4 800
Free-Float 68,6%
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Technical analysis trends JEFFERIES FINANCIAL GROUP
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 21,50 $
Last Close Price 16,34 $
Spread / Highest target 59,1%
Spread / Average Target 31,6%
Spread / Lowest Target 4,04%
EPS Revisions
Managers
NameTitle
Richard Brian Handler Chief Executive Officer & Director
Brian P. Friedman President & Director
Joseph S. Steinberg Chairman
Teresa S. Gendron Chief Financial Officer & Vice President
Robert Eugene Joyal Independent Director
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