Jefferies

Thank you to everyone who joined us for the Jefferies FIG Private Equity Conference in New York last week. We were proud to create an intimate forum for private companies and financial services-focused private equity partners to connect through 1x1 meetings. Highlights included a dinner at Ocean Prime featuring macro insights from Chief Market Strategist David Zervos, and intimate lunches with Co-Head of Global Investment Banking John Miller and President Brian Friedman. We appreciate all who participated and look forward to continuing these conversations.

US investment grade credit fundamentals remain stable, but leverage and interest coverage ratios point to late cycle conditions. Christopher Martin, CFA and Steven Petrovich of Jefferies Wealth Management break down the late cycle risks they see and the potential impact to credit portfolios. Read here: http://spklr.io/6040B3cWg

This week, we were proud to host Dubai Capital Markets Day at Jefferies' global headquarters in New York, in partnership with DFM. This event featured one-on-one and small group meetings with senior management from leading Dubai corporates, alongside expert panels and networking sessions focused on market evolution and global investor opportunities. Thank you to all the panelists and attendees for making this event a success!

Jefferies congratulates AVIO on the successful closing of its €400 million Rights Issue. Founded in 1908, Avio is a leading company in space propulsion providing aerospace propulsion systems, engine modules and components for space and defense. We are proud to have served as Joint Global Coordinator and thank Avio for placing their trust in us for this significant transaction. We congratulate them on the exceptional value created and wish them continued success in the future.

Last week, Jefferies Data and U.S. Research hosted a summit on Practical AI Views for Buy-Side Decision Making, where guest experts—from AI platform leaders to buy-side CTOs—explored AI’s role in investment decision-making, including: 1. Buy vs. build 2. Data infrastructure and governance 3. The rise of digital agents and workforce transformation Key takeaways: Treat AI as a composable, evolving capability. Leading adopters succeed by prioritizing data hygiene, semantics, agentic workflow depth, and governed connectivity. Firms that train senior talent to manage AI agents alongside human teams raise their decision quotient. AlphaSense Hebbia Rogo Boston Consulting Group (BCG) BCG on Financial Institutions Microsoft Databricks Bloomberg M Science Samaya AI Greenland Capital Management LP Nan Xiao WCM Investment Management Aiera Pascal Belaud Barry Dauber Rahul Rekhi Shawn Edwards Daniel Wheller Roy Choudhury

The Jefferies Global Healthcare Conference in London convened to deliver fresh insights across biopharma, biotech, medtech, and healthcare services, from cardiometabolic and rare disease strategies to breakthrough innovations and the rapid rise of digital health. Networking has also stayed front and center, with thousands of investor and B2B meetings driving collaboration. Read more about some of this year's themes in Jefferies’ latest Healthcare Temperature Check as we continue the momentum this week: http://spklr.io/6048BMW92

Jefferies is pleased to have served as Exclusive Financial Advisor to BECU on its combination with SAFE Credit Union. This transaction represents the second largest credit union merger announced in 2025 and creates the fourth largest credit union by asset size in the U.S. We are grateful for our partnership with BECU. This transaction demonstrates Jefferies’ broad advisory capabilities for all types of financial institutions.

As Dubai cements its role as a global hub for trade, innovation, and investment, Jefferies is proud to host the second annual Global Emerging Markets (GEMS) Conference on November 24–25, 2025. We sat down with two of Jefferies leaders in the region, Majed Al Mesmari and Walid Armaly, to explore what’s driving momentum across MENA and how Jefferies is deepening its commitment to the world’s fastest-growing markets. Read the full article here: http://spklr.io/6048BMmT4

The eighth edition of the Jefferies Healthcare Temperature Check was just released and it captures a record number of views from senior leaders and investors across the global healthcare sector. The annual research report once again explores the issues at the top of the healthcare agenda that will be addressed during our Global Healthcare Conference this week in London. View the full survey here: http://spklr.io/6048BMYA4

Mentorship is a powerful driver of growth at Jefferies. Hear how our mentorship program is helping employees build meaningful connections and unlock their potential. Click here to learn more about how we invest in our people’s growth. http://spklr.io/6048BKyBr