I was wondering how the former employees in the IBD department of Lehman Brothers are faring. The last I saw of them, was when they were packing their stuff in boxes and leaving the office.
As far as I know some now work at Barclays. Where else?
Are some really unemployed? Did they join boutiques or where they evenly distributed to other BB's?
Are Ex-Lehman bankers on this board?
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MM
JPM.
JPM , not me personally. But my close family friend is.
when i read banker profiles i come across former lehman guys all over the place - other BB's, elite boutiques as well as MM firms
yeah--a lot stayed on at Barclays as well i believe. I know when i talk to a lot of the barclays guys and ask about their culture many of them say its exactly like the lehman culture, since so many lehman people are still around
Barclays & Nomura hired the entire groups. Overnight BarCap became the top group in NatRes.
http://www.nytimes.com/2010/10/04/business/04nomura.html
all over the street man. they ended up fine by and large
Talking with many alum many seem to have done incredibly well for themselves. Lehman was huge at my school, and most guys who didn't go buyside after analyst wound up at BarCap. Some are stuck and want to roll over, but most just laugh at how their first and second year all-in was more than they make now as Associates.
lots left barcap, thats y barcap is now sucking.
Some of them decided to stay behind in order to liquidate Lehman's assets. I think they did so well, they formed their own company. They are now an Asset Management firm called Lamco. They have a pretty small (but really nice) office at TWC. The guy that I met was humorous enough to joke about the demise of this former company. Cool guys.
http://www.lamcollc.com/
It's crazy how much many of lehman's assets are worth today. If the government hadn't let them fail, they'd be thriving today ( at least threy'd be doing better than baml or city)
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