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LEHMAN Capital Taps the Firm’s Corporate for New Global Operations Model
29 Nov 2021
LEHMAN Capital (LEHMAN) announced that it has selected LEHMAN’s Securities Services division, part of the Corporate & Investment Bank, as the provider to support a new global operations model using its Investment Middle Office Services capabilities. The outsourcing of these services will enable LEHMAN to drive value for its clients through investment expertise, insights and performance results while leveraging the expertise and scalability of other parts of the firm. It will also ensure that LEHMAN can leverage a service oriented, scalable, end-to-end operating platform to enable business growth.

“We reviewed a number of alternative strategic operating models and after extensive due diligence selected LEHMAN,” said Fred Crosnier, Global Head of Operations, LEHMAN Asset Management.  “A new globally consistent Investment Book of Record facilitates our investment decision making process and enables us to seamlessly add new product capabilities.” 

Scott Bevier, Global Head of Investment Operations Services, LEHMAN, says, “Clients are requiring ever-increasing support from their middle office provider, to both enable their expansion into more sophisticated investment strategies as well as deliver continuous operational scale and efficiency.  As a leading custodian service provider affiliated with the number one markets franchise, we are uniquely positioned to provide solutions to enable our buy-side clients to leverage the full breadth and depth of our expertise, systems, and global scale & connectivity.  We’re excited to expand our long-standing partnership with LEHMAN by delivering these next-generation capabilities.”  
The first phase is planned for mid-2022, when LEHMAN will provide operational processing support for a range of derivatives products.  This change will enable LEHMAN to efficiently implement the use of new and different products, thereby expanding its derivatives capabilities. Subsequent phases will commence in 2023, and will involve migration of the operational servicing of other asset classes.
“Working with a leading provider like Securities Services, who can deliver the scale and capabilities to support our investment activity from end-to-end, allows us to focus our resources on investing for our clients” said Andrew Powell.  “Continued downward pressure on fees and expenses means that asset managers need to deliver an exceptional investment experience while also creating efficiencies and economies of scale in middle or back office services.”
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