Richard B. Handler

Jefferies Issues 2024 Sustainability Report

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Environmental, Social and Governance (ESG), Environment, Sustainability, Finance, Asset Management, Banking, MLT, Guarantee of origin, Carbon accounting, ESG, Carbon, Organic, Jefferies Financial Group, Richard B. Handler, Organization, JEF, Jefferies

Jefferies Financial Group, Inc. (NYSE: JEF) announced the publication of our 2024 Sustainability Report, which can be viewed here .

Key Points: 
  • Jefferies Financial Group, Inc. (NYSE: JEF) announced the publication of our 2024 Sustainability Report, which can be viewed here .
  • Our report highlights how Jefferies’ team of driven professionals is advancing key initiatives related to sustainability and diversity that strengthen the many global communities in which we live and work.
  • Although there is always more to do, we are inspired by our team’s relentless commitment to supporting sustainability.
  • We hope you take some time to read about how that commitment translates into action.”
    Among the highlights from Jefferies’ 2024 Sustainability Report are the following:
    Over $22 million was donated by Jefferies, our employee-partners, and clients in support of over 445 charities, organizations and nonprofits, including those providing humanitarian aid and support to the Maui wildfires and Israel.

Jefferies Agrees Sale of OpNet Operations to Wind Tre, Substantially Completing Jefferies’ Strategic Simplification Plan

Retrieved on: 
Monday, February 5, 2024
Banking, Asset Management, Professional Services, Finance, Strategic alliance, Jefferies Financial Group, JEF, Richard B. Handler, Capital market, Investment, TXV, HomeFed Bank, Investment banking, Gold, Sale, SMBC, OMF, OPNET, Asset management, Bank

In addition to the consideration of the CKHGT notes, OpNet will retain majority ownership in other operating telecom companies, resulting in approximately €320 million in final value to Jefferies from this transaction, which exceeds our current carrying value.

Key Points: 
  • In addition to the consideration of the CKHGT notes, OpNet will retain majority ownership in other operating telecom companies, resulting in approximately €320 million in final value to Jefferies from this transaction, which exceeds our current carrying value.
  • This sale is subject to regulatory approvals and is anticipated to close in the second or third quarter of 2024.
  • The only individual investment of size today is HomeFed, our real estate development company that specializes in mixed-use, master-planned communities.
  • We expect to operate the core business of HomeFed, which has solid long-term prospects, and to liquidate certain peripheral assets in an orderly manner.

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts Across EMEA

Retrieved on: 
Tuesday, January 16, 2024
Banking, Professional Services, Finance, SMFG, Richard B. Handler, Research, Jefferies Financial Group, Multimedia, Partnership, Sumitomo Mitsui Banking Corporation, JEF, SMBC, Growth, Airline

View the full release here: https://www.businesswire.com/news/home/20240116830685/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240116830685/en/
    In support of the initial strategic alliance in 2021, SMBC provided $2.25 billion in financing to Jefferies and purchased approximately 4.5% of the issued and outstanding common shares of Jefferies.
  • The alliance has now been further extended to formally cover EMEA in these business areas.
  • Jefferies and SMBC have already been collaborating to deliver client solutions for over two years and this latest step enhances the alliance across the growing regional footprint in EMEA.
  • We now further accelerate these efforts by aligning with the significant capital base and world-class capabilities of SMBC Group.

Jefferies Establishes Full Service Investment Banking and Capital Markets Capabilities in Canada

Retrieved on: 
Monday, December 4, 2023
Banking, Professional Services, Finance, Research, NYSE, Head, Richard B. Handler, Mischler Financial Group, The Honourable, Jefferies, Jefferies Financial Group, TMT, Culture, M&A, Partnership, JEF, SMBC, Health, Investment banking, Government, Cryptocurrency

Jefferies Financial Group (NYSE: JEF) today announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada.

Key Points: 
  • Jefferies Financial Group (NYSE: JEF) today announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada.
  • In partnership with Jefferies' existing global platform, our team in Canada will deliver our full suite of advisory and capital markets capabilities.
  • “Its proven long-term leadership, investment in talent and exceptional work for clients has positioned Jefferies as one of the few leading global investment banking firms.
  • Our new Canadian team is excited to bring clients Jefferies’ deep industry perspectives, M&A and capital markets solutions and geographical insights.”

UJA-FEDERATION OF NEW YORK RAISES RECORD $45 MILLION AT WALL STREET DINNER, ADDITIONAL $75 MILLION FOR UJA'S ISRAEL EMERGENCY FUND

Retrieved on: 
Wednesday, December 6, 2023
Washington Marriott Marquis, Woman, Marriott Marquis, Organization, Gustav, Richard B. Handler, UJA, Imagination, Alan, UJA-Federation of New York, Civilization, Table, Management, Jefferies, Jews

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- UJA-Federation of New York's Wall Street Dinner raised a record-breaking $45 million for its annual campaign to support a wide network of nonprofits. Since the Oct. 7 terrorist attack against Israel, $156 million has been raised for the UJA Israel Emergency Fund — providing essential support to the people of Israel — with $75 million raised from the Wall Street community.

Key Points: 
  • Since the Oct. 7 terrorist attack against Israel, $156 million has been raised for the UJA Israel Emergency Fund — providing essential support to the people of Israel — with $75 million raised from the Wall Street community.
  • The December 4 sold-out event at the Marriott Marquis was held against the backdrop of Israel at war and rising antisemitism around the globe.
  • And everywhere I went across Israel, people were immensely grateful for UJA's immediate mobilization and significant support."
  • He lauded her brilliant ascent in finance, coupled with her continued support for other women of Wall Street as "she pays it forward from generation to generation."

Jefferies to Host Investor Day on October 16, 2023

Retrieved on: 
Tuesday, September 26, 2023
Banking, Asset Management, Professional Services, Finance, Richard B. Handler, Jefferies Financial Group, JEF, EST, NYSE, Cryptocurrency, Nightclub

As previously announced, Jefferies Financial Group Inc. (NYSE: JEF) will host its annual Investor Day on Monday, October 16, 2023, at 9:00 a.m. in Manhattan.

Key Points: 
  • As previously announced, Jefferies Financial Group Inc. (NYSE: JEF) will host its annual Investor Day on Monday, October 16, 2023, at 9:00 a.m. in Manhattan.
  • The meeting will include management presentations from Rich Handler, our Chief Executive Officer, Brian Friedman, our President, and leaders of our major businesses, as well as an opportunity to present questions to management.
  • To register for the event, which will be hosted both in-person and virtually, investors should provide their contact information via https://jefferies.com/InvestorMeeting2023 by 5:00 p.m. EST on Thursday, October 12, 2023.
  • Only registered guests will be allowed to participate.

11th Annual J.P. Morgan / Robin Hood Investors Conference Announces Speaker Lineup

Retrieved on: 
Thursday, September 7, 2023
Other Philanthropy, Finance, Consulting, Banking, Professional Services, Philanthropy, Fund Raising, Foundation, Citadel, Carson Block, Poverty, Partnership, Tudor Investment Corporation, Planning committee, Richard B. Handler, Policy, Third Point Management, Millennium Management, LLC, Glenview Capital Management, Arnold Ventures LLC, Blue Ridge Capital, Robin, JPMorgan Chase, OpenAI, Government, Muddy Waters Research, Blackstone, Goldman Sachs, Starwood Capital Group, Name, New Yorker, Dream, Stanley Druckenmiller, J. P. Morgan, The Legend of Robin Hood (board game), Artificial intelligence, Research, Robin Hood, Conference, Guggenheim Partners, Claremont McKenna College, Film industry, Cryptocurrency, Jefferies

Robin Hood , New York’s largest local poverty-fighting philanthropy, has announced the speaker lineup for its 11th annual J.P. Morgan / Robin Hood Investors Conference .

Key Points: 
  • Robin Hood , New York’s largest local poverty-fighting philanthropy, has announced the speaker lineup for its 11th annual J.P. Morgan / Robin Hood Investors Conference .
  • Since 2013, the J.P. Morgan / Robin Hood Investors Conference has raised more than $56 million to fight poverty in New York City.
  • “Ten years ago, we partnered with Robin Hood to create the J.P. Morgan / Robin Hood Investors Conference, bringing together some of the best minds across J.P. Morgan, the Robin Hood Board and the industry with other world-class investors and business leaders to help New York City remain a city of opportunity and dreams for everyone,” said Mary Callahan Erdoes, CEO of J.P. Morgan Asset & Wealth Management.
  • Robin Hood is working to make New York City the greatest engine of opportunity in the world.

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies

Retrieved on: 
Thursday, April 27, 2023
Banking, Professional Services, Finance, Slate, SMFG, Wardwell, LLP, Partnership, SMBC, Health, Sumitomo Mitsui Banking Corporation, Richard B. Handler, Cravath, Swaine & Moore, JEF, SMBC Nikko Securities, Research, Jefferies Financial Group, Citigroup, M&A, Jefferies Group, Investment, Skadden, Arps, Slate, Meagher & Flom, NYSE, PPM America, Inc., Financial services, Security (finance), Jefferies

The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage.

Key Points: 
  • The expanded alliance also includes joint coverage of designated investment grade clients that have banking relationships with SMBC and will now have dedicated Jefferies investment banking coverage.
  • SMBC Group will be responsible for credit products and debt capital markets, while Jefferies will be responsible for M&A and equity capital markets.
  • In 2021, SMBC provided $2.25 billion in financing to Jefferies and purchased approximately 4.5% of the issued and outstanding common shares of Jefferies.
  • Jefferies LLC served as financial advisor and Cravath, Swaine & Moore LLP and Davis Polk & Wardwell LLP served as legal advisors to Jefferies.

Jefferies and MassMutual Announce Conversion of Preferred Shares

Retrieved on: 
Wednesday, February 15, 2023
Banking, Professional Services, Finance, MassMutual, State Street Bank & Trust Co. v. Signature Financial Group, Inc., JEF, Jefferies Financial Group, NYSE, Partnership, Richard B. Handler, Management, Jefferies

Jefferies Financial Group Inc. (“Jefferies”) (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today that MassMutual has converted 125,000 3.25% Series A Cumulative Convertible Preferred Shares of Jefferies into 4,654,362 shares of Jefferies common stock.

Key Points: 
  • Jefferies Financial Group Inc. (“Jefferies”) (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”) announced today that MassMutual has converted 125,000 3.25% Series A Cumulative Convertible Preferred Shares of Jefferies into 4,654,362 shares of Jefferies common stock.
  • Rich Handler, Jefferies’ CEO, and Brian Friedman, its President, commented: “This is another very important milestone in our 33-year relationship with MassMutual that has been meaningful and successful for our shareholders, clients and employees.
  • We are pleased that MassMutual chose to become common shareholders of Jefferies and look forward to many more years of collaboration and partnership between MassMutual and Jefferies.”
    Roger Crandall, Chairman, President and CEO of MassMutual, stated: “We are pleased to build on the strong, long-term relationship we have established with Jefferies over the years.
  • We have watched Jefferies build itself into a leading financial services firm and look forward to exploring additional ways of working together for the benefit of our policyowners and customers.”

Jefferies Completes Spin-Off of Vitesse

Retrieved on: 
Tuesday, January 17, 2023
Energy, Professional Services, Oil, Gas, Finance, Indian stock exchange, VTS, Depository Trust & Clearing Corporation, JEF, NYSE, FICC, Distribution, State Street Bank & Trust Co. v. Signature Financial Group, Inc., Common, Jefferies Financial Group, Richard B. Handler, Security (finance), Vitesse, Jefferies

Jefferies Financial Group Inc. (“Jefferies”) (NYSE: JEF) and Vitesse Energy, Inc. (“Vitesse”) (NYSE: VTS) announced today the completion of the distribution (the “Distribution”) by Jefferies of all the outstanding shares of common stock of Vitesse (“Vitesse Common Stock”) held by Jefferies.

Key Points: 
  • Jefferies Financial Group Inc. (“Jefferies”) (NYSE: JEF) and Vitesse Energy, Inc. (“Vitesse”) (NYSE: VTS) announced today the completion of the distribution (the “Distribution”) by Jefferies of all the outstanding shares of common stock of Vitesse (“Vitesse Common Stock”) held by Jefferies.
  • Prior to the Distribution, Vitesse acquired all of the issued and outstanding equity interests of Vitesse Energy, LLC and Vitesse Oil, LLC.
  • Common shares of Jefferies (“Jefferies Common Shares”) and Vitesse Common Stock will each begin trading “regular way” today, January 17, 2023, on the New York Stock Exchange under the symbols “JEF” and “VTS,” respectively.
  • Approximately 26.6 million shares of Vitesse Common Stock were distributed to Jefferies shareholders, which equals approximately 94.37% of the total issued and outstanding shares of Vitesse Common Stock.