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Credit market round-up: Lehman rates sales team raided

Citi hired seven sales bankers from Lehman Brothers’ interest rates team last month. It comes as the administrator of Lehman’s remaining European business announced 750 job cuts, predominantly in fixed income, on September 30.

The new group will work in Citi’s London office and focus on UK and Dutch investors. The seven are: Cedric Pauwels who joins as a managing director; Nivethan Tharmendiran, Mark Tinworth, Martin Ball and Guy Chalkley, who all join at director level; Daniel Aksan and Olivia Fleischmann.

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