Martin Ferraro is to surface at Lehman Brothers in New York, a spokesperson confirms. He will join Lehman as executive director and senior sales person in institutional FX on December 1, reporting to Mark De Gennaro, New York-based global head of FX sales. Ferraro left BNP Paribas last week. He had been head of FX institutional sales (see Squawkbox, November 17).
“This is a continuation of Lehman Brothers’ progressive strategy of hires which will enable us to continue to meet our client-driven business plan and increase productivity to our core constituents,” comments a spokesperson.