Jefferies CFO Peg Broadbent dies from coronavirus complications

Longstanding financial chief at Jefferies and industry veteran Peg Broadbent died following complications with coronavirus.

Peg Broadbent, the chief financial officer at US investment bank Jefferies Group, has passed away after contracting coronavirus.

The US investment bank said in a statement this weekend that Broadbent, 56, died following complications with coronavirus. Teri Gendron, Jefferies Financial Group’s chief financial officer, has been appointed interim CFO and chief accountant officer of Jefferies Group.

“We are heartbroken and grieve that our friend and colleague, Peg Broadbent, has passed away from coronavirus complications,” said Rich Handler, CEO of Jefferies, and Brian Friedman, president of Jefferies, in the statement. “Our thoughts, prayers and love go out to Peg’s dear wife, Hayley, and their young children, Sebastian and Grace, 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 had been with Jefferies since 2007 as executive vice president and chief financial officer. He joined the investment bank from Morgan Stanley where he worked for 16 years most recently as head of institutional controllers for fixed income, equity and investment banking. 

“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,” Handler and Friedman added. “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.”