Lehman Brothers Snares Caccavale As NY Foreign Exchange Trading Operations Head

PEOPLE NEWS

NEW YORK -- US investment bank Lehman Brothers has named John Caccavale as its new head of foreign exchange trading in New York, the firm said in a statement last week.

Caccavale -- another departure from JP Morgan Chase's diminishing FX team -- started work at Lehman Brothers at the end of February.

He joins Lehman Brothers after a 20 year career at JP Morgan, surviving the bank's recent merger with Chase Manhattan. In his last role at the merged bank, Caccavale was head of North American FX