Lehman Brothers reshuffles insurance risk products group

The reorganisation took place two weeks ago, says New York-based Paul Puleo, former insurance products head, who still retains responsibility for originating insurance liability management products within insurance strategies. Puleo said nobody had been fired as a result of the reorganisation. Instead, some employees have been redeployed elsewhere at the bank outside the newly merged group.

The group will now focus on both asset and liability management issues for insurers, according to Klein.

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