FX Week

Lehman Brothers expands foreign exchange derivatives, funds sales


LONDON -- Lehman Brothers is expanding its FX and emerging markets derivatives business by creating a new role in London.

Head of FX and emerging markets in Europe, Ivan Ritossa, told FX Week the expansion was due to client demand, particularly for tailored and structured products.

"Clients are looking for tailored solutions for hedging and risk management purposes," said Ritossa. That demand has increased partly as movements in the currency markets have prompted clients to seek new ways of