merrill-lynch-poaches-from-lehman-brothers

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 generation and transmission, and they'll also be involved in deals across in the Pacific Rim, which at Merrill is the term used for Asia including Japan and Australia.

Chapman will report to Naomi Molson, head...
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