Why Lehman needs a strategy for Asia

Lehman Brothers has a clear-cut strategy in the US and Europe. But its plans in Asia are much more abstract. With a history of pulling in and out of the region, there are signs that the firm is, once again, intent on building up areas of Asian business. Lehman management claims this is part of a long-term strategy, but its actions remain open to interpretation. Fiona Haddock reports.