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Lehmans Head Still Free Agent?

One of Lehman Brothers’ top managers in the foreign exchange business has kept his options open while several of his colleagues have signed contracts with Nomura, according to market sources.

Speculation last week suggested that Mike Burton, former head of FX sales, Europe and Asia at Lehman Brothers, had joined Societe Generale but sources tell Squawkbox that he has yet to sign with the French bank.

Burton did not join the team move to Nomura earlier this month which was led by Richard Gladwin, the global head of FX at Lehman (see Squawkbox, 13 October).

Burton joined Lehman Brothers in July 2004 as head of European FX sales. He was previously with Goldman Sachs for ten years and held a number of positions culminating in the role of managing director and head of institutional FX sales.

Chico Khan Gandapur, global head of flow business at Societe Generale, recently assumed responsibility for all FX sales activities following the departure of Lars Hakanson, former global head of flow FX (see Squawkbox, 22 September).

Hakanson has moved to a role in private banking, according to market sources. Serge Topolanski took over all Hakanson’s FX trading responsibilities.

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