Lehman Revamps FX Sales And Forwards Naming Morantz As New Global FX Chief

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Lehman Brothers last week appointed Alan Morantz as its new global foreign exchange head, replacing Chris Deuters, who is concentrating on his role as head of fixed income in Europe for the investment bank.

"European fixed income is a huge role in itself and it was always envisaged when he took over in April that he would eventually pass on the foreign exchange role to someone else," says global FX sales chief Jeremy Hodges.

Hodges says that Morantz, previously head of government bond, munici