Former Sen. Bob Corker joins New York investment firm

Former U.S. Sen. Bob Corker has joined the New York funding agency of Jefferies Group LLC as a particular adviser working with the agency’s Funding Banking enterprise.

Corker, a 68-year-old former actual property developer, Tennessee state finance director and Chattanooga mayor, retired from the U.S. Senate after 12 years in January 2019 after serving as chairman of the Senate Overseas Relations Committee and a member of the Senate Banking Committee. Since returning to his residence city, Corker has labored instantly with a handful of Tennessee corporations and made different investments in rising and startup ventures.

“Bob’s profitable enterprise and entrepreneurial background, coupled together with his practically 20 years of native, state and federal service, uniquely qualify him to assist us drive the way forward for Jefferies,” Wealthy Handler, CEO of Jefferies, and Brian Friedman, Jeffries’ president, stated in a joint assertion Wednesday. “We all know his abilities, insights, expertise, perspective, and relationships will convey a wholly new and thrilling dimension to our funding banking franchise and our complete agency.”

Corker based his personal firm on the age of 25 and constructed Bencor Building into a serious constructing and growth agency with operations in 18 states earlier than promoting the enterprise within the 1990s. Since retiring from the Senate final 12 months, Corker stated he has tried to concentrate on companies the place he could make a distinction and use his background and abilities most efficiently.

Final week, the Chattanooga health care management company One to One Health introduced that Corker has been named firm chairman and Corker stated he’s at present working with a few different Chattanooga companies. However the brand new job at Jefferies might be his greatest present job.

Jefferies Group LLC is the biggest unbiased, international, full-service funding banking agency headquartered within the U.S. and has grown since its begin in 1962 to an organization with about 4,800 staff, gross sales of greater than $6 billion final 12 months and a market capitalization of greater than $5 billion.

“The agency’s sector-based strategy, coupled with a relentless concentrate on delivering distinctive options for purchasers, have been key drivers for my choice to hitch Jefferies, and I sit up for serving to advance the agency to a brand new degree.” Corker stated. “It is a means for me to have an effect with a agency that has international attain and positively punches past its weight.”

Jefferies Group LLC is an entirely owned subsidiary of Jefferies Monetary Group Inc.

— Compiled by Dave Flessner

Senator Bob Corker solutions a query from McCallie senior Ryan Huynh. Senator Corker visited the McCallie Faculty on November 30, 2018. / Workers picture by Robin Rudd

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