Debt market round up: Lehman’s new head of fixed income

Lehman Brothers has made Roger Nagioff global head of fixed income. He replaces Michael Gelbank, who has left the firm. The move came as a surprise not just because Nagioff has an equities background but also because the role will be based in London.

This is the first time a sole global head of one of the firm’s divisions has been located outside the US, and fixed income is the biggest part of Lehman’s franchise.