Gibbs to Leave Jefferies at End of Year

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WASHINGTON — Kenneth D. Gibbs, president of the municipal securities group at Jefferies LLC, plans to leave the firm at the end of the year and take over leadership of the Maimonides Medical Center in Brooklyn.

Gibbs, who currently chairs the Maimonides Board of Trustees, will step down from that post and become president and chief executive officer of the hospital in January 2016, according to a Maimonides news release.

Gibbs has been president, helping to build the municipal securities group at Jefferies, for the past six years. The muni group includes about 100 professionals in 13 offices nationwide. Overall, the global investment banking firm, which offers capital market and financial advisory services, institutional brokerage and securities research and wealth management, has offices in more than 30 cities worldwide.

Gibbs has more than 30 years of experience in public finance. Before joining Jefferies in March 2009, he was chief executive officer at Depfa Frist Albany Securities. He also was a director of public finance at First Albany Capital and held investment banking positions at Lazard Freres & Co., Credit Suisse First Boston and Kidder Peabody.

Gibbs is a member of the Securities Industry and Financial Markets Association's board of directors and currently chairs its political action committee. He is a past chair of SIFMA's municipal group and received the group's 2014 Honor Roll Award for his contributions to the muni industry. He served on the Municipal Securities Rulemaking Board in the early 2000s.

Gibbs has also been very active in nonprofit and public policy organizations. Besides his work at Maimonides, he was chair of the Citizens Budget Commission from 2010-2014.

Born and raised in New York City, Gibbs holds a bachelor's degree from Harvard College in Cambridge, Mass. He lives in Manhattan with his wife and they have four children.

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