Jefferies Group CFO Peg Broadbent Dies Due to Coronavirus Complications
Jefferies Financial Group Inc. said on Sunday that Peg Broadbent, chief financial officer of its main subsidiary Jefferies Group, has died from complications related to COVID-19. The company said that Jefferies Financial Group CFO Teri Gendron has been appointed as the interim CFO. Broadbent’s passing marks one of the first deaths among senior Wall Street executives from the coronavirus pandemic.
“For over a dozen years, Peg has been our CFO and partner, and helped us build Jefferies from less than half its current size, and navigate through hard times and good times,” Jefferies CEO Rich Handler and President Brian Friedman said a company press release. “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.”
Broadbent, who was 56-years old, joined the New York-based diversified financial services company in 2007 as executive vice president and chief financial officer. Prior to Jefferies, he worked at Morgan Stanley for 16 years, including as a managing director and head of institutional controllers, where he managed a staff of more than 1,000 people.