Jefferies Appoints Forest City Ratner CEO Gilmartin as Director

Jefferies Group LLC (LUK), the investment bank owned by Leucadia National Corp., appointed Forest City Ratner Cos. Chief Executive Officer MaryAnne Gilmartin to its board.

Gilmartin will be an independent director, Jefferies said today in a statement. Last year, she replaced Bruce Ratner as head of the real estate firm, which developed the Barclays Center arena in Brooklyn, New York.

Jefferies said in a separate statement that profit for the fiscal first-quarter ended Feb. 28 rose 40 percent to a record $112.4 million on a 44 percent surge in investment-banking fees. Net revenue advanced 9.8 percent to $899 million. The results differed from preliminary figures disclosed earlier this month. The New York-based firm said March 4 it expected net income of $105 million on revenue of $875 million.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net Steve Dickson

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