Lehman Brothers Switches To Derivatives As Sales Bosses Quit In London And N.Y.
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Lehman Brothers is in the process of reorienting much of its sales effort towards derivatives and emerging markets in response to the planned departure of global FX sales chief Jeremy Hodges next month. It also follows the move earlier this month of New York sales head Baruch Deutsch and CTA sales specialist Joyce Fahy to Smith Barney, officials say.
According to Hodges, he has been discussing his decision to leave the market altogether with Lehman for some time, but the bank decided to go public
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