Bob Corker joins the board of Jef­fries in­vest­ment firm as a special ad­viser

Chattanooga Times Free Press - - BUSINESS - STAFF REPORT

For­mer U. S. Sen. Bob Corker has joined the New York in­vest­ment firm of Jef­feries Group LLC as a special ad­viser work­ing with the firm’s In­vest­ment Bank­ing busi­ness.

Corker, a 68- year- old for­mer real es­tate 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 For­eign Re­la­tions Com­mit­tee and a mem­ber of the Se­nate Bank­ing Com­mit­tee. Since re­turn­ing to his home town, Corker has worked di­rectly with a hand­ful of Ten­nessee com­pa­nies and made other in­vest­ments in grow­ing and startup ven­tures.

“Bob’s suc­cess­ful busi­ness and en­tre­pre­neur­ial back­ground, cou­pled with his nearly 20 years of lo­cal, state and fed­eral ser­vice, uniquely qual­ify him to help us drive the fu­ture of Jef­feries,” Rich Han­dler, CEO of Jef­feries, and Brian Fried­man, Jef­fries’ pres­i­dent, said in a joint state­ment Wed­nes­day. “We know his skills, in­sights, ex­pe­ri­ence, per­spec­tive, and re­la­tion­ships will bring an en­tirely new and ex­cit­ing di­men­sion to our in­vest­ment bank­ing fran­chise and our en­tire firm.”

Corker founded his own com­pany at the age of 25 and built Ben­cor Con­struc­tion into a ma­jor build­ing and de­vel­op­ment firm with oper­a­tions in 18 states be­fore sell­ing the busi­ness in the 1990s. Since re­tir­ing from the Se­nate last year, Corker said he has tried to fo­cus on busi­nesses where he can make a dif­fer­ence and use his back­ground and skills most suc­cess­fully.

Last week, the Chat­tanooga health care man­age­ment com­pany One to One Health an­nounced that Corker has been named com­pany chair­man and Corker said he is cur­rently work­ing with a cou­ple of other Chat­tanooga firms. But the new job at Jef­feries will be his big­gest cur­rent job.

Jef­feries Group LLC is the largest in­de­pen­dent, global, full-ser­vice in­vest­ment bank­ing firm head­quar­tered in the U.S. and has grown since its start in 1962 to a com­pany with about 4,800 em­ploy­ees, sales of more than $6 bil­lion last year and a mar­ket cap­i­tal­iza­tion of more than $5 bil­lion.

“The f irm’s sec­tor-based ap­proach, cou­pled with a re­lent­less fo­cus on de­liv­er­ing unique solutions for clients, were key driv­ers for my de­ci­sion to join Jef­feries, and I look for­ward to help­ing ad­vance the firm to a new level.” Corker said. “This is a way for me to have an im­pact with a firm that has global reach and cer­tainly punches be­yond its weight.”

Jef­feries Group LLC is a wholly owned sub­sidiary of Jef­feries Fi­nan­cial Group Inc.

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