Lehman Brothers' Italian fixed-income team relocates to Milan

PEOPLE NEWS

MILAN -- Lehman Brothers has transferred a team of Italian fixed-income specialists, including FX staff, from London to Milan, in a bid to forge stronger client relationships in Italy.

The team, headed by Riccardo Banchetti, who has been promoted to head of fixed income for the operation, begins work in Milan today (March 18). Banchetti was previously a managing director in derivatives sales in London. His duties will now be transferred to Philippe Dufournier, co-head of European derivatives

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