Credit market round up: Lehman bankers find new homes

Christian Wait, global head of sales at Lehman Brothers, has moved to Standard Chartered where he will head global markets. He reports to Lenny Feder, global head of financial markets. Wait, who was European head of DCM before he moved back to the US to head up structured credit sales in 2005, will be based in Singapore. Meanwhile, Ben Katz, a former senior FIG structuring banker at Lehman, will join Barclays Capital in London. He reports to Richard Boath, head of FIG. Lorenzo Frontini who spent 11 years at Lehman, mostly in syndicate, before moving in June to run Italian FIG DCM, has moved to a similar position at Deutsche Bank. He reports to Renato Grelle, who runs Italian DCM.