Jefferies to Hold $1 Million AUD Doing Good Trading Day for Tonga Relief on Thursday, February 10, 2022

Rhea-AI Summary

Jefferies announced a Doing Good Trading Day on February 10, 2022, to support relief efforts for the Tonga disaster caused by a volcanic eruption and tsunami. The firm aims to raise and donate $1 million AUD through trading commissions and employee contributions. This significant donation will assist in recovery efforts directly in Tonga, where the disaster has disrupted water supply and communication. Jefferies' leadership encourages global participation in this initiative to aid the affected region.

Positive

• Jefferies is raising $1 million AUD for Tonga relief efforts.
• The initiative encourages employee and client participation globally.
• The donation aims to significantly impact recovery efforts in Tonga.

Negative

• None.

NEW YORK, LONDON, HONG KONG & SYDNEY--(BUSINESS WIRE)-- Jefferies announced today that it will hold a Doing Good Trading Day on Thursday, February 10, 2022 to support relief efforts focused on the devastation caused by the recent volcanic eruption and related tsunami near Tonga.

Specifically, Jefferies will raise and donate $1 million AUD from a combination of trading commissions in Asia Pacific securities and voluntary contributions from the firm’s more than 4,500 employees worldwide. The total contribution will then be donated to relief organizations directly involved in recovery efforts in Tonga. This is a challenging part of the world to distribute funds effectively, and this amount should be a ”game changer” for the affected victims.

Rich Handler, CEO, and Brian Friedman, President, of Jefferies commented:

“The people of Tonga desperately need help with the devastation this disaster has inflicted on their small country. The tsunami wiped out homes and villages and the volcanic eruption has severely disrupted water supply and communications networks. We encourage our employees and clients around the world to join our collective efforts in swiftly supporting Tonga.”

For further information, please contact your Jefferies representative.

Jefferies (NYSE: JEF) is the largest independent, global, full-service investment banking firm headquartered in the U.S. Focused on serving clients for 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’ Leucadia Asset Management division is a growing alternative asset management platform.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220207005902/en/

Jonathan Freedman, MediaContact@Jefferies.com; 212-778-8913

 

Source: Care of Jefferies Financial Group Inc. and Jefferies Group LLC

FAQ

What is the purpose of Jefferies' Doing Good Trading Day on February 10, 2022?

The event aims to raise funds for relief efforts in Tonga following a volcanic eruption and tsunami.

How much money will Jefferies raise for Tonga during the trading day?

Jefferies plans to raise and donate $1 million AUD.

What disaster is Jefferies helping with through their fundraising effort?

Jefferies is supporting recovery efforts for the devastation caused by a volcanic eruption and tsunami in Tonga.

Who is leading the fundraising initiative at Jefferies?

The initiative is supported by CEO Rich Handler and President Brian Friedman.

What will the funds raised by Jefferies be used for?

The funds will be donated to relief organizations involved in recovery operations in Tonga.