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Jefferies Group CFO Peg Broadbent has died aged 56 years due to complications arising from coronavirus (Covid-19).

The firm did not offer any more detail on Broadbent’s passing.

Jefferies Financial Group CFO Teri Gendron has replaced Broadbent on an acting basis.

Gendron will also serve as the chief accounting officer of Jefferies Group.

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Broadbent has been working as the CFO of Jefferies Group since 2007.

Prior to that, he had a 16-year stint at Morgan Stanley where he held the role of head of institutional controllers.

He started his financial journey at Coopers&Lybrand, which started operating as PricewaterhouseCoopers after a merger.

Jefferies CEO Rich Handler and president Brian Friedman said: “The loss of Peg is incredibly personal for us as he was a member of our own extended family. 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.

“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.”

Jefferies Group offers investment banking, advisory, sales and trading, research as well as wealth management services in the Americas, Europe and Asia.

It is part of Jefferies Financial Group.