Barclays Capital begins trading in acquired Lehman fixed-income businesses

By Susanna Moon

Chicago, Nov. 3 - Barclays Capital said it has fully integrated Lehman Brothers Holdings Inc.'s U.S. fixed-income businesses under the Barclays Capital name.

The fixed-income businesses include interest rates, credit, securitized products and primary fixed-income products.

Sales and trading have resumed across all fixed-income product areas and are integrated with Barclays Capital's existing operations.

Securitized products trading previously conducted by Lehman Brothers in North America has similarly been incorporated into the comprehensive suite of products and services offered by Barclays Capital.

"We are pleased to re-launch our fixed income operations and provide our clients with enhanced services," Eric Bommensath, managing director, head of fixed income, Barclays Capital, said in a press release. "With the integration of the Lehman Brothers U.S. fixed-income business, we will have an even greater presence in these markets, further accelerating our expansion."

"Barclays Capital's credit trading capabilities have strengthened as a result of the acquisition and we will be able to take advantage of the synergies between the trading units to better serve the needs of our clients," Eric Felder, head of credit trading, Barclays Capital, said in the release.

London-based Barclays Capital is the investment banking division of Barclays Bank plc.

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