Jefferies Group announced that its long-time Chief Financial Officer has died from complications after being infected by the coronavirus. His death marks one of the first deaths among senior Wall Street executives from the pandemic.
Peg Broadbent has passed away from from complications of the coronavirus. He had been CFO at the New York financial services company and investment bank since November 2007, following a 16-year career at Morgan Stanley, where he was head of institutional controllers for fixed income, equity and investment banking. He was also a chartered accountant in the U.K.
«For over a dozen years, Peg has been our CFO and partner, and helped us build Jefferies from less than half its current size, and navigate through hard times and good times,» the company said in a statement Sunday. CEO Rich Handler and the team is «heartbroken» by the news.
Interim Chief
Teri Gendron, CFO of Jefferies Financial Group, has been appointed the interim CFO and chief accounting officer of the group, according to the statement.
The group, which has offices in Hong Kong, Beijing, Mumbai, Tokyo and Singapore, said last week that it is pivoting its investment banking business to focus on rescue financing and restructurings as the firm helps clients adjust to the impact caused by the coronavirus.
