After taking a timeout earlier this year to deal with matters related to coke, shrooms, Molly, wife-swapping, toilets, ketamine, more coke, and, in a twist, being named father of the year, Sage Kelly has decided to make this thing permeant.
The news was announced today essentially as a P.S. to a memo re: organizational changes to the healthcare group.
From CEO Richard Handler and Chairman Brian Friedman
To continue to drive our strong momentum in healthcare investment banking, effective immediately, our 90 professional Global Healthcare Investment Banking Group will be organized as follows:
Services: Dan Decelles and Mike Gerardi, Co-Heads
Pharmaceuticals, Biotechnology and Life Sciences: Tommy Erdei, Real Leclerc and Kevin Sheridan, Co-Heads
This team, together with other senior healthcare investment bankers, will comprise our Global Healthcare Investment Banking Leadership Committee, which will be chaired by Jon Santemma and co-chaired by Ben Lorello.
Sage Kelly has resigned from Jefferies in order to focus on family matters.
For anyone inside Jefferies worried about how the bank will fare without SK, remember: he's taught you everything he knows.
Julie Verhage [Twitter]
Memo from Jefferies CEO Richard Handler on Sage Kelly Divorce Scandal [Fox Business]
Jefferies banker Sage Kelly resigns [NetNet]
Sage Kelly, Banker Involved in Messy Divorce, Resigns From Jefferies [Dealbook]
Earlier: Jefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update); Jefferies Exec (Allegedly!) Held An Offsite “Mushrooms Day”; Jefferies Exec Details All The Places He’s Never Mistaken For A ToiletJefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update); Jefferies Exec (Allegedly!) Held An Offsite “Mushrooms Day”; Jefferies Exec Details All The Places He’s Never Mistaken For A Toilet; Jefferies Exec Sage Kelly Taking A Timeout From Investment Banking; Things Could Be Worse But They Could Also Be Better At Jefferies Right Now; Jefferies Exec Sage Kelly (Allegedly!) Lets Analysts Deal With His 28k Strip Club Tabs; Jefferies Management Letting Clean Urine Samples Do The Talking