John McManus, a senior v.p. on the Lehman Brothers' sales desk, resigned from the firm last week. He and his family will be relocating to Texas. "I really enjoyed being a part of the loan market and will miss it very much," he said.
A replacement has not been named and no timeframe has been set regarding a new hire. McManus worked at Lehman for eight-and-a-half years and previously worked in high yield at Scotia Capital and in media/telecom at Citigroup.