Lehman loses Epstein and Aujer

Lehman loses two of the leading lights in its principal transactions group. Speculation abounds as to why they have left.

Jonathan Epstein, MD and head of Lehman Brothers' Principal Transaction Group PTG in Asia and Kevin Aujer, a senior vice president and Korea Country Manager were both asked to resign from Lehman last week. Sources at Lehman confirm that the pair have now left the Lehman payroll.

They have left the firm to pursue other opportunities, says Mia Trinephi, a corporate communications executive at Lehman Brothers in Tokyo. Trinephi would not comment on the reasons behind the departure.

However, sources close to the issue say the departures stemmed from problems at the Korean arm of Capital Management, the Lehman subsidiary that services the firm's non-performing loan and...

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