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Change at Lehman as Parikh Takes Over Commodities

Lehman Brothers has named Satu Parikh as global head of commodities. Previously, he was head of liquid markets, Asia, which included coverage of rates, foreign exchange and commodities.

As part of the move, Parikh will relocate to Lehman’s New York headquarters and report to Kaushik Amin, global head of liquid markets.

Thomas Siegmund has been appointed to replace Parikh, and will relocate to Tokyo from London to run liquid markets, Asia. In his previous role, he served as head of swaps and governments, Europe. Siegmund will report locally to Hyung Lee, head of equities and fixed income, Asia, and globally to Amin.

As a result of Siegmund’s relocation, Kieran Higgins will become head of interest rate products, Europe, reporting to Andy Morton, co-head of fixed income, Europe and globally to Amin. In addition to his existing role as head of options and exotics trading, Europe, Higgins will also take responsibility for swaps and government bond trading in the region.

“Satu’s strong technical background in derivatives and his track record of building businesses will contribute significantly to the continued expansion of our capabilities and the breadth of our global commodities platform,” says Amin. “We look forward to integrating his knowledge and capabilities into our team, and providing our clients with additional expertise.”

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