Gladwin moves to Lehman Brothers

Richard Gladwin has started in his role as global head of foreign exchange at Lehman Brothers in London. The appointment follows a three-month sabbatical since he left his post as head of forex derivatives at Barclays Capital on April 21.

Gladwin takes on responsibility for the US investment bank's forex business, including sales and trading, research, structured forex and derivatives. In this role, he reports to Andrew Morton, co-head of European fixed income, and Kaushik Amin, global head of liquid markets.

Gladwin had been at Barclays Capital since 1998, and has also held positions in interest rate derivatives at Merrill Lynch and Bankers Trust, and worked at the Nomura Research Institute.

Lehman has boosted its FX options desk in the past few months with the addition of Adam Baines as a trader. Baines last worked for Citigroup in London, where he was an FX strategist. Gladwin replaces Grant Whiteside, who relocated to Denver, Colorado, earlier this year to head a mortgage services business unit of Lehman Brothers.