Jefferies names cash equities trading head

Jefferies & Company Inc. today announced the appointment of Edward J. Craig as managing director and head of U.S. Cash Equities Trading. Mr. Craig, who joined Jefferies in 2006 and has over 12 years of trading experience, will oversee all exchange-listed, Nasdaq, and Bulletin Board cash trading, according to a statement from Jefferies. In addition to his role as Head of Trading, Mr. Craig will continue as head of Consumer, Retail, and Gaming sector trading. "Jefferies has recruited significant additional sales, trading, capital markets, research, and technology professionals to our U.S. Equities department over the past 15 months, increasing our headcount in this area to more than 650 people," said Richard B. Handler, chairman and chief executive of Jefferies, in a statement. New York-based Jefferies & Company Inc. is the principal operating subsidiary of Jefferies Group, Inc.