Lehman Brothers is establishing a London-based European asset-backed research team. Krishna Prasad, who has been covering U.S. ABS in New York for five years, will be heading the team and plans to add two or three analysts. He says it has not been decided if the new additions will be internal or external hires. Previously, Lehman had been covering European ABS from the U.S., but Prasad says that the business has grown to a size where it merits its own research effort on the ground. Prasad, who had been covering European ABS from New York, in addition to his U.S. coverage, will assume his new role this week.
Lehman Sets Up ABS Research In London