Lehman hit by Desselberger u-turn

NEWS

LONDON -- Lehman Brothers’ expansion in FX derivatives and emerging markets was dealt a blow last week when Matteus Desselberger, who was hired to manage the new group, decided to return to former employer Deutsche Bank.

Desselberger, who was set to join Lehman Brothers in June, left the German bank in London in April, where he was global head of FX options. But before taking up his new position, Desselberger returned to Deutsche Bank in a different position.

One source at the bank said he will

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