Their Stories: Coronavirus claims the life of Jefferies Group CFO Peg Broadbent

Their Stories: Coronavirus claims the life of Jefferies Group CFO Peg Broadbent

29 Mar    Finance News

The coronavirus pandemic hit close to home for many on Wall Street on Sunday morning with word of the passing of Peg Broadbent, CFO at Jefferies Group JEF, -5.72%  , at the age of 56.

“We are heartbroken and grieve that our friend and colleague, Peg Broadbent, has passed away from coronavirus complications,” Jefferies Chief Executive Officer Rich Handler and President Rich Friedman said in a joint statement.

The Financial Times reported that Broadbent, the first senior Wall Street figure known to die from the disease, was in good health prior to his coronavirus diagnosis,

Peg, “a much-loved and respected leader” is credited with helping to double the size of the company after having been hired in 2007 from Morgan Stanley MS, -4.76%  .

“Part of what made Peg the great partner he was to all of us was his core humanity,” the executives said in the statement. “No matter what the occasion, his decency, calmness and dry wit were always there, always making things better. We will miss him terribly.”

Teri Gendron has been appointed interim CFO and Chief Accounting Officer of Jefferies Group.

Meanwhile, COVID-19 numbers continue to rise. American cases, more than any other country, topped 124,000 on Sunday, according to Johns Hopkins University. New York City and surrounding counties, with more than 50,000 cases, comprise nearly half the U.S. total.

See also  Bright Spots in Uncertain Times

Leave a Reply

Your email address will not be published. Required fields are marked *