On the move



Lehman Brothers has appointed Marten Touw as its new head of fixed income in Sydney, replacing Michael Clout who has left the US bank. Touw was previously head of global markets and treasury at Commonwealth Bank of Australia (CBA) in Sydney. This follows the renaming of Grange Securities - which was acquired by Lehman Brothers earlier this year - as Lehman Brothers Australia and the appointment of new chief executive Jim Ballentine, who will move from New York to Sydney early next year. A 20

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