Jefferies Names Newby ('83) Global Head of Gaming Investment Banking


NEW YORK, Oct 19, 2010 (BUSINESS WIRE) -- Jefferies announced today the addition of William S. Newby ('83) as a Managing Director who will serve as Global Head of Gaming Investment Banking. Mr. Newby will be based in the firm's Los Angeles office.

"The gaming sector has long been a significant strength for Jefferies in M&A and restructuring, leveraged finance and equity underwriting, as well as our expertise in serving Native American-owned gaming companies," said Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "As we focus on increasing our market share in serving the financing and strategic needs of the U.S. gaming sector and push forward on our expansion into Asia, Bill's proven track record, and his extensive, worldwide experience and relationships with clients in the gaming industry make him the ideal person to lead and further grow our gaming franchise."

Mr. Newby brings to Jefferies more than 18 years of experience in the gaming sector and joins the firm from UBS, where he was a Managing Director and Head of Americas Gaming and Leisure Investment Banking. Previously, he spent over 20 years at Bank of America, where he established and led that firm's industry leading Gaming Investment Banking group. In addition, from 1999 to 2010 Mr. Newby sat on the Board of Directors of the American Gaming Association, which is the U.S. gaming industry's most prominent peer council, comprised of 12 CEOs from the gaming sector. Mr. Newby received his MBA from the Anderson School of Management at UCLA and his BA from UCLA.

Jefferies, a global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. /quotes/comstock/13*!jef/quotes/nls/jef (JEF 23.46, -0.06, -0.26%) .

Copyright Business Wire 2010

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