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Lehman Brothers has filed for bankruptcy. In an announcement early this morning, the firm said it intended to file a petition under Chapter 11 with the Southern District Court of New York.
Lehman Brothers has appointed Eric Felder and Hyung Soon Lee as global co-heads of fixed income.
Andrew Morton has been named Lehman Brothers’ new global head of fixed income, following the announcement of Roger Nagioff’s departure on February 5. Nagioff became Lehman’s first global head to be posted outside the US in May 2007.
Soroosh Shambayati has been appointed as European head of fixed income for emerging markets by Lehman Brothers.