Lehman names Morton as fixed-income chief
Lehman Brothers has announced that Andrew Morton is to be the new global head of fixed income, following Roger Nagioff’s departure on February 5.
An academic specialising in quantitative finance before he joined Lehman, Morton helped produce the 1987 Heath-Jarrow-Morton model for pricing interest rate options in lieu of a market for short-term rates.
He became Lehman’s head of fixed-income derivatives research in 1993, before rising through its fixed-income derivatives trading operations. He was
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