Lehman Brothers Top-Level Reorganisation Puts Forex Team Into Fixed-Income Group

NON-BANKS

The recent top-level reorganisation at Lehman Brothers (FX Week, January 23) has shifted the investment bank's foreign exchange group into its fixed-income division from the group's former slot as part of a collection of unrelated trading businesses, says Lehman's global FX chief, Chris Deuters.

Bruce Lakefield's move to London as the bank's new European head has resulted in the breakup of the "multiple trading vehicles" (MTV) division that he previously supervised, which included FX, futures