Business Services Industry
New York, New York.(Lehman Brothers Holdings Inc. atttracts Donaldson, Lufkin and Jenrette Inc. employees)(Brief Article)
Crain's New York Business, November, 2000 by DeNitto, edited by Emily
SNAPPING UP EX-DLJ STAFFERS Lehman Brothers Holdings Inc. may not lead Wall Street in deals, but there is one category the investment bank can call its own. Lehman is ahead of the pack in attracting employees from the Donaldson Lufkin & Jenrette Inc. exodus. The company has hired about 100 analysts, bankers and traders who have left DLJ-some not by choice-in the wake of its August acquisition by Credit Suisse Group.
Two weeks ago, it snapped up a team of five Internet analysts and a group of 10 investment bankers and analysts who are focused on the automotive industry and environmental services. It has also hired at least eight executives for its European and Asian equity sales teams. From the Credit Suisse side, Lehman nabbed 15 bankers from the Los...
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