Lehman Brothers beefs up its pensions advisory group

Lehman Brothers has further strengthened its pensions division, following its recruitment of Gareth Derbyshire last summer, by appointing Catherine Clayton as the third managing director of its pensions advisory group, currently headed by Alan Rubinstein.

Clayton was previously managing director in the insurance and pensions group at Goldman Sachs, but it is expected that Lehman's will seek to leverage her experience of the commodities as this sector becomes more important in the pensions sphere.