FIVE YEARS AGO IN FXW

FIVE YEARS AGO IN FXW

Lehman Brothers Chooses Singapore Over Hong Kong In Latest Defection

Lehman Brothers is making Singapore its regional foreign exchange hub, joining just two other major investment banks that also have the bulk of their forex business there, officials say. In a separate move, Lehman has finally obtained a Japanese banking licence and so will conduct some forex in Tokyo as well.

FXW

, August 29, 1994

Editor's Note:

Lehman was among a series of banks that transferred their main Asian FX trading hubs

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