Jefferies Group LLC Selects Behavox to Provide Compliance Supervision

NEW YORK–(BUSINESS WIRE)–Behavox,
an enterprise People Analytics software company that provides holistic
employee supervision solutions, today announced that Jefferies
Group LLC
(“Jefferies”), the world’s largest independent
full-service global investment banking firm headquartered in the U.S.
focused on serving clients for over 55 years, has selected Behavox to
supply a premier Compliance Supervision platform for its global
operations.

“We are excited to join Jefferies as a partner, providing a robust Risk
and Compliance ecosystem to support their global firm and diverse client
base,” said Erkin Adylov, Founder and CEO of Behavox. “Behavox is
committed to helping Jefferies constantly improve and expand the firm,
while remaining compliant with regulatory ordinances and their
commitment to risk management.”

The selection comes after a rigorous and competitive process consisting
of multiple vendors and a proof of concept, in which Behavox
demonstrated the highest capacity to reduce false positives, detect
meaningful content, and provide the support and subject matter expertise
that Jefferies requires. As the vendor of choice, Behavox will be
replacing Jefferies’ current email supervision tool.

Marty DeMonte, Managing Director and CIO of Jefferies, noted, “Jefferies
chose Behavox for their technology, responsiveness, and support model.”

Through machine learning algorithms based on 16 years of enforcement
cases against traders and banks worldwide, Behavox’s software allows
Senior Management and Risk and Compliance Officers to detect cases of
market abuse, insider threats, collusion and reckless behavior in real
time. This combination of cutting-edge technology, thought leadership,
and industry collaboration, has allowed Behavox to create a Risk and
Compliance ecosystem which transforms the way that firms conduct
monitoring and supervise risk within their business.

“We look forward to partnering with Behavox – they have established
themselves as a strategic technology solution when it comes to data
analysis and regulation,” said Lauri Scoran, Jefferies’ Chief Compliance
Officer. “The Compliance Supervision Platform Behavox developed further
supports our regulatory and business requirements.”

Behavox provides an effective and scalable solution that delivers
compliance with finance regulations such as Dodd-Frank, MAR, FCPA, SMR &
MiFID II, and meets the requirements of the most exacting regulators
(FINRA, CFTC, FCA, etc.).

About Behavox Ltd.

Behavox is the People Analytics company that gathers and interprets
employee data in a corporate environment to understand the behavior of
an organization. By aggregating and analyzing internal and external
interactions and using cutting-edge software and machine learning
Behavox can generate previously unidentifiable insights on: compliance
and risk; culture and conduct; people performance; and sales and
profits. Behavox works with forward thinking, multi-national businesses,
financial institutions and investment firms. Behavox is headquartered in
New York City, with offices in London, Singapore, Montreal and San
Francisco. For more information, visit here.

About Jefferies Group LLC

Jefferies Group LLC, the world’s largest independent full-service global
investment banking firm headquartered in the U.S. focused on serving
clients for over 55 years, is a leader in providing insight, expertise
and execution to investors, companies and governments. Our firm provides
a full range of investment banking, advisory, sales and trading,
research and wealth management services across all products in the
Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned
subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified
financial services company.

Contacts

Media Contact:
Profile on Behalf of
Behavox
Charlotte Kiaie
ckiaie@profileadvisors.com
Phone
646-818-9031

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