New global fixed-income head at Lehman

Andrew Morton has been named Lehman Brothers' new global head of fixed income, following Roger Nagioff's departure on February 5. Nagioff became Lehman's first global head to be posted outside the US in May 2007.

His London location had contributed to his decision to leave, according to the bank. "He decided he's spending too much time on a plane, so he's retiring," says a spokesperson for the firm in London. He adds that Morton's appointment would see the role of global head of fixed-income