Anthony LoGrippo, John Gally join Jefferies' leveraged loan trading platform

St. Louis, June 23 - Jefferies & Co. Inc. announced the additions of Anthony LoGrippo and John Gally to its leveraged loan sales and trading effort.

LoGrippo joins as a managing director and head of par loan trading. Gally joins as a senior vice president for par loan trading.

"With the addition of these new partners, we continue to expand Jefferies' high-yield and distressed debt platform and strengthen our presence in par loan trading," commented Richard Handler, chairman and CEO of Jefferies.

"These new hires are a substantial augmentation of our presence in this important market, and are part of the continued build-out of our broader high-yield and distressed platform."

In less than a year, Jefferies has added nine sales professionals, three traders, and seven analysts to the loan sales and trading effort, expanding the team to about 50 professionals dedicated to high yield, leveraged loans, distressed and special situations sales, trading and research.

LoGrippo joins Jefferies from Deutsche Bank, where he worked for 11 years and was most recently a managing director and head of par loan trading within that firm's senior debt capital markets effort. Previously, he was a director in the leveraged portfolio group at Bankers Trust.

Gally also joins Jefferies from Deutsche Bank where he worked for nine years and was most recently a vice president and trader of bank debt and loan credit default swaps.

Jefferies, based in New York City, is an independent, full-service global securities and investment banking firm.

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