STOCK TITAN

Former U.S. Senator Bob Corker Joins Jefferies as Special Advisor

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Jefferies has appointed former U.S. Senator Bob Corker as a Special Advisor. He will support the Investment Banking division, leveraging his extensive political and business experience to enhance client services. CEO Rich Handler and President Brian Friedman expressed enthusiasm about Corker's addition, emphasizing his significant Senate experience as beneficial for Jefferies' growth. Corker, who has a strong entrepreneurial background and served in various political roles, aims to advance Jefferies' innovative solutions in the investment banking sector.

Positive
  • Appointment of Bob Corker as Special Advisor enhances investment banking advisory capabilities.
  • Corker's extensive political and business background may improve client relationships and services.
Negative
  • None.

NEW YORK--()--Jefferies announced today that former U.S. Senator Bob Corker (R- Tenn) has joined Jefferies as a Special Advisor. Mr. Corker will primarily work within the firm’s Investment Banking business in an advisory role with its investment bankers and clients and help to shape the future of the firm.

Rich Handler, CEO of Jefferies, and Brian Friedman, President, commented, “We are incredibly excited to welcome former U.S. Senator Bob Corker to Jefferies. Bob will work closely with us as we continue to build on Jefferies’ momentum and capitalize on the opportunities available to our firm. Bob’s successful business and entrepreneurial background, coupled with his nearly 20 years of local, state and federal service, uniquely qualify him to help us drive the future of Jefferies. In particular, Bob’s great work in the Senate over a dozen years, including his service as Chairman of the Senate Foreign Relations Committee and as an influential member of the Senate Banking Committee, will greatly benefit Jefferies’ clients. We know his skills, insights, experience, perspective, and relationships will bring an entirely new and exciting dimension to our investment banking franchise and our entire firm.”

“I am thrilled to join Jefferies and contribute to the firm’s ongoing success and momentum,” added Mr. Corker. “The firm’s sector-based approach, coupled with a relentless focus on delivering unique solutions for clients, were key drivers for my decision to join Jefferies, and I look forward to helping advance the firm to a new level.”

Prior to entering public service, Bob founded his own company at the age of 25, which focused on the construction, development, and acquisition of real estate and operated in 18 states across the country. In 1995, he became Commissioner of Finance for the State of Tennessee and later served as Mayor of Chattanooga from 2001 to 2005. Bob was elected to the United States Senate in 2006 and overwhelmingly reelected in 2012, keeping his commitment to serve only two terms before returning to private life in January 2019.

Jefferies Group LLC is the largest independent, global, full-service investment banking firm headquartered in the U.S. Focused on serving clients for nearly 60 years, Jefferies is a leader in providing insight, expertise and execution to investors, companies and governments. Our firm provides a full range of investment banking, advisory, sales and trading, research and wealth management services across all products in the Americas, Europe and Asia. Jefferies Group LLC is a wholly owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

Contacts

Richard Khaleel, +1 212 284 2556, rkhaleel@jefferies.com

FAQ

What role will Bob Corker serve at Jefferies?

Bob Corker will serve as a Special Advisor primarily within Jefferies' Investment Banking business.

How might Bob Corker's experience benefit Jefferies?

Corker's experience in the Senate and his business background are expected to enhance client services and strategic relationships.

What is the stock symbol for Jefferies?

The stock symbol for Jefferies is JEF.

When did Bob Corker join Jefferies?

Bob Corker joined Jefferies as a Special Advisor on the date of the press release.

What is Jefferies' focus as a financial services firm?

Jefferies focuses on investment banking, advisory, sales and trading, research, and wealth management services.

Jefferies Financial Group Inc.

NYSE:JEF

JEF Rankings

JEF Latest News

JEF Stock Data

16.06B
161.19M
21.56%
69.07%
5.07%
Capital Markets
Security Brokers, Dealers & Flotation Companies
Link
United States of America
NEW YORK