Ex-Lehman Brothers Inc. oil trader Cyril Youinou joined Standard Chartered Bank as a director of energy derivatives trading and manages the energy trading derivatives team in Singapore. Youinou started his career in Singapore with Société Générale SA and then worked at the energy and commodities unit of Goldman, Sachs & Co. Most recently, Youinou was an energy trader with Lehman.
Reuters reports that in April Standard Chartered
hired three senior executives from Lehman: Remy Klammers as the new global head of fixed income trading, Alexis Suzat as global head of structured products trading and Marten Agren as global head of modelling and analytics group, financial markets. There should be a lot more Lehman defections, though, not by choice.
On Thursday The New York Times reported, citing someone briefed on the plans, Lehman Brothers
will distribute as many as 1,500 pink slips, trimming its work force by 6%. -
Baz HiralalStanChart hires ex-Lehman oil trader, eyes expansionReport: More job cuts at Lehman
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