Mr. Peregrine “Peg” Broadbent has died from Corona virus complications.
The COVID-19 virus pandemic has caused the death of Mr. Peregrine “Peg” Broadbent, the chief financial officer (CFO) for Jefferies Group LLC, according to an official statement from the firm, released March 29.
Officials at the firm announced, “with profound sadness” that Broadbent “has passed away from coronavirus complications.”
His immediate replacement will be Teri Gendron, CFO of Jefferies Financial Group, who has been appointed as the interim CFO and chief accounting officer for Jefferies Group LLC, officials say.
“The entire Jefferies family mourns Peg’s loss. On behalf of our Board of Directors, management team and all our global employees, we extend our deepest sympathies to Peg’s family,” according to the firm’s prepared statement.
“We are heartbroken and grieve that our friend and colleague, Peg Broadbent, has passed away from coronavirus complications,” according to a statement from Rich Handler, CEO, and Brian Friedman, president of Jefferies Financial Group. “Our thoughts, prayers and love go out to Peg’s dear wife, Hayley, and their young children, Sebastian and Peg, as well as Peg’s older children, Anna, Sophie and Charlie, and all of Peg’s extended family here and in the United Kingdom.”
Broadbent has been serving for “more than a dozen years” as CFO and partner “and helped us build Jefferies from less than half its current size, and navigate through hard times and good times,” according to the joint statement.
“He has also been a much-loved and respected leader to the incredible global team that provides the support, foundation and glue across our firm. But Peg was so much more. Part of what made Peg the great partner he was to all of us was his core humanity. No matter what the occasion, his decency, calmness and dry wit were always there, always making things better. We will miss him terribly,” according to the statement.
“We know Peg would want his passing to serve as a reminder to all of us of how much he cared for all of his friends at Jefferies and that our priority must be the health and happiness of our loved ones. May Peg’s memory be for a blessing for his family, for us and for all who loved him,” according to the statement.
Jefferies Group is an investment banking subsidiary of Jefferies Financial Group Inc., which encompasses investment banking and capital markets, asset management and direct investing. Handler serves as chairman and CEO of Jefferies Group while Friedman is the chairman, executive committee of the subsidiary.