Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Matthew J. Gorelik and John L. Sullivan II as managing directors in the Firm’s Private Client Services (PCS) Group in Los Angeles and San Francisco, respectively. These additions are part of the Firm’s ongoing expansion of its equities business. Messrs. Gorelik and Sullivan will be instrumental in building the firm’s West Coast-based client base.
The addition of Matt Gorelik and John Sullivan demonstrates Jefferies’ strong commitment to providing corporate and executive services and wealth management to corporations, their executives and high net worth individuals and families in the Western United States,” commented Charles C. Baber, Head of Private Client Services at Jefferies. “We are confident that their relationships and experience will make an immediate contribution to the Firm and significantly enhance our regional presence in the Los Angeles and San Francisco markets.”
Mr. Gorelik has 14 years of experience as a financial advisor, most recently as a Senior Vice President and Portfolio Manager in the wealth management group at Citigroup Smith Barney. Previously, Mr. Gorelik was a financial advisor with CIBC World Markets and Bear Stearns. He is a graduate of Syracuse University. Mr. Gorelik will be based in the Firm’s Los Angeles office and is joined by Alexander H. Kadish, formerly a financial advisor with Citigroup Smith Barney, Citigroup Global Markets and Banc of America Securities.
Mr. Sullivan has 29 years experience in the investment business, most recently as a Director at Credit Suisse Private Banking USA. Previously, he managed UBS Warburg Dillon Read's restricted stock group in San Francisco. He also worked at Bear Stearns & Company, and at Lehman Brothers, where he specialized in handling the accounts of wealthy families, trusts, and foundations. Mr. Sullivan is a former US Marine and a graduate of Stanford University. He will be based in the Firm’s San Francisco office and joins Managing Director, Scott C. Sorenson, who joined the Firm in June of 2007. Mr. Sorenson has 27 years of experience in the investment industry, most recently at Credit Suisse in its Private Banking USA division. He began his career at Goldman Sachs, where he spent 18 years in its fixed income division in sales and sales management.
Jefferies Private Client Services, with over 60 professionals in New York, Atlanta, Boston, Dallas, Chicago, Los Angeles, San Francisco, and Stamford, provides an array of financial services and investment opportunities, including equity, fixed income, mutual funds, structured notes, and separately-managed accounts through outside money managers, including alternative investments and private equity.
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 years. Headquartered in New York, with nearly 30 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.jefferies.com)