Lehman Brothers Set To Expand FX Operation Seeks 12 Traders Globally, Opens Tokyo Desk

NON-BANKS

Lehman Brothers is planning to beef up its global foreign exchange trading operation by about 12 traders in 1992, says David Schoenthal, executive vice president at Lehman in New York. The move underlines Lehman's committment to its forex business and the inroads investment banks are making on domain once occupied exclusively by the commercial banks.

"Compared with the commercial banks, where foreign exchange is a very mature business, it is still a very active and growing business for the i

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