Lehman Brothers in Asia-Pacific rollout
The US investment bank currently has FX staff based in Hong Kong and Tokyo, covering e-commerce, options trading, local currency and G10 trading, FX sales and research. Gladwin said the teams will not be cut as a consequence of the new Singapore desks.
“This is not a consolidation but an expansion,” Gladwin told FX Week. “Asia is a diverse region, growing rapidly as a global financial centre. Running out of two geographic bases does not provide wide enough coverage, and a presence is
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