The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Lehman lays down European foundations

Thierry Sciard is set to bring together the US house's investment management stakes

Isaacs: On our own terms

Almost unnoticed, Lehman Brothers has managed to position itself to become a formidable player in European investment management. Over the past two years, the US house has been quietly building up its investment management platform in Europe, encompassing asset management, private equity and private wealth management businesses, and now looks set to cement its position with the appointment of Thierry Sciard. Sciard, former global head of capital markets at Calyon, is taking on the newly created role of head of investment management for Europe, overseeing all three business sections and piecing together the businesses that Lehman has accrued.

In the absolute-return business, Lehman has been building its presence globally by taking non-controlling minority stakes in such hedge fund managers as Ospraie and GLG. And while acquisitions in firms such as Neuberger Berman, private-equity firm Crossroads and the fixed-income asset management business of Lincoln have signalled Lehman's intentions of increasing its investment management business in the US, its building of investment management in Europe has widely gone unnoticed.

Over the past two years, though, the firm has taken small minority stakes in European-based hedge fund managers and last year employed Robert Sargent from Morgan Stanley to head the European asset management part of the business.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree