Lehman Brothers

From Quantnet Wiki

[edit] Lehman Brothers at a Glance

[edit] Headquarters

• Lehman Brothers
• 745 Seventh Avenue
• New York, NY 10019
• Phone: 212-526-7000
• www.lehman.com

[edit] Key Differentiating Factors

• Historically, Lehman’s strength has been in fixed income, but the firm has successfully shifted its business toward higher-margin areas such as M&A and underwriting, and the acquisition of Neuberger Berman makes it a player in asset management as well.
• The firm employs what it calls a Best Operator Strategy, building high-margin businesses, growing European business, and streamlining back-office and corporate functions.
• Management has been together for more than 20 years.

[edit] Primary Competitors

BofA Securities, Citicorp, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, JPMorgan Chase

[edit] In the Recruiter’s Words

• “We’re looking for people with distinctive problem-solving and analytical abilities. There’s equal weighting on people’s leadership skills. We’re looking for a proven track record of leadership. We’ll look at people’s backgrounds and ask them to give examples of significant leadership roles. Another area is initiative.

Another aspect is, absolutely, we’re looking for people who work effectively with others to achieve a goal.”

• “We want to have an environment where the team comes first. . . . We have one P&L at the firm. If there’s a trade or a business or something to do for a client,

as long as overall it’s positive for the firm, we’ll do that.”

Lehman Brothers Holdings Inc. (Template:Nyse), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income, sales, research and trading, investment management, private equity, and private banking. It is a primary dealers in the U.S. Treasury securities market. Its primary subsidiaries include: Lehman Brothers Inc., Neuberger Berman Inc., Aurora Loan Services, Inc., SIB Mortgage Corporation, Lehman Brothers Bank, FSB, BNC Mortgage, Inc., and the Crossroads Group. The Firm's worldwide headquarters are in New York City, with regional headquarters in London and Tokyo and offices throughout the world.

[edit] Divisions

• Investment Banking

Lehman Brothers' Investment Banking Division provides comprehensive financial advisory and capital raising services to corporations and governments worldwide. Lehman Brothers takes an integrated approach to client coverage, organizing bankers into industry, product and geographic groups. This structure provides clients with bankers who have industry- and geography-specific expertise across all investment banking products. The Firm's bankers work with product specialists in M&A and Capital Markets to help clients meet their strategic and financial objectives.

• Capital Markets Prime Services

Lehman Brothers' Capital Markets Prime Services is one of the premier providers to the hedge fund community. Our success is defined by the success of our clients. A strong commitment to excellence drives continuous improvements in the Firm's products, services and technologies. Our fundamental mission is to provide thoughtful and effective solutions to our clients — as realizing their strategic visions is our shared objective. Capital Markets Prime Services achieves these goals by putting clients at the center of everything we do. - To address evolving client needs, the Capital Markets Prime Services business is aligned across three core disciplines: Financing, Advice and Servicing. Within this structure, our global relationship managers provide creative solutions, innovative trading and financing ideas, risk management and timely market color to our clients. - Lehman Brothers' Capital Markets Prime Services provides a seamless, fully integrated offering of products and services to the Firm's hedge fund and asset management clients. Nearly 600 dedicated professionals in the U.S., Europe and Asia provide comprehensive fixed income and equities solutions to clients worldwide. Our offerings span the domains of financing, prime brokerage, futures, research and strategic transactions. We are fully committed to providing strategic solutions to our valued clients.

• Investment Managment

Lehman Brothers Investment Management encompasses three global businesses:

Private Investment Management Comprehensive investment, wealth advisory and capital markets execution services for high net worth individuals and businesses, leveraging all the resources of the Firm

Asset Management Proprietary asset management products, across traditional and alternative asset classes, offered through a variety of distribution channels to individuals and institutions

Private Equity Investment opportunities in privately negotiated transactions across a variety of asset classes for institutional and qualified individual investors

[edit] External links

• Lehman Brothers - official website
• Google Finance - Lehman Brothers
• Yahoo Finance - Lehman Brothers
• Wikipedia entry on Lehman Brothers