Lehman hires new trade head

PEOPLE NEWS

Margiotta starts his new role today (September 19) and reports to Mark Ames, head of the US trading operation. Both banks declined to comment on the move.

Margiotta's arrival adds to the high turnover seen at Lehman so far this year, with notable senior departures and a number of hires in recent months.

Last month, the bank hired Ludovic Colin as a vice-president, FX sales to French institutions, based in London (FX Week, August 15). He reports to Mike Burton, head of FX sales at the bank in

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