As many as 14 members of staff from the bank’s Canary Wharf-based documentation team had been thought likely to leave the company today (26 September) but, following Nomura’s purchase, those jobs look likely to be safe for the time being.
In addition, the future of the bank’s equity derivatives and structured products team, headed up by Bhavesh Dattani, also looks more certain, with both legal teams likely to remain in place at least until the end of October.
However, the fate of the legal staff in David Swanson’s fixed income group is believed to be under review.
Nomura’s acquisition of Lehman’s European and Middle East equities and investment banking businesses earlier this week ended days of uncertainty for the bank’s employees.
It had initially been feared that the entire legal team in the
Nomura’s purchase of Lehman’s investment banking and equity arms could also affect the job prospects of the bank’s employees in
Keep abreast of all the latest post-Lehman developments in our Legal Week Wiki special.
