Merrill Lynch poaches from Lehman Brothers

Merrill takes an entire team of bankers focusing on the power industry from Lehman.

A week after JapanÆs leading independent investment bank, Nomura, confirmed it has agreed to acquire Lehman BrothersÆ operations in Asia-Pacific and Europe, Merrill Lynch has swooped in and snapped up a team of Lehman bankers.

Merrill has hired James Chapman as director and head of Asia power investment banking along with a five-member team, all previously from Lehman Brothers, according to an internal memo seen by FinanceAsia. Their remit will be the whole power sector, which includes electricity...

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