Lehman U.S. Biz Becomes Barclays

Sep 30 2008 | 6:15pm ET

Barclays Capital announced today that it has re-launched Lehman Brothers' U.S. equity trading and research division under the Barclays Capital name.

Sales and trading activity has re-launched in U.S. institutional agency, program trading and listed options. Equity research has resumed publication, with coverage of approximately 1,000 companies, representing nearly 90% of the S&P 500's market capitalization.

According to teh firm, the re-launch in equities follows similar integrations of investment banking activities including mergers and acquisitions, debt capital markets, risk management and leveraged finance.

"Barclays Capital is pleased to re-launch our US Equity operations,” said Gerald Donini, head of equities. “We will continue to focus on delivering superior equity capital markets content, service, and execution to our clients."

"Barclays Capital is delighted to initiate its top-ranked equity research coverage,” said Larry Kantor, head of research. “We now have a complete research platform across equities, fixed income, credit, commodities, foreign exchange, emerging markets and economics, and remain committed to providing clients with market-leading research to help them make more informed investment decisions."


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