Lehman Brothers Limited (00846922): administration
- Status
- In administration
- Administration began
- 2008-09-15
- Administrators
- Edward John Macnamara, David Robert Baxendale, Catherine Atkinson, Zelf Hussain
- Administrators' firm
- PwC
- Formerly
- Shearson Lehman Hutton Limited; Shearson Lehman Brothers Limited; Shearson Lehman; Shearson; H. Hentz & Co Limited
- Incorporated
- 1965-04-27
- Location
- London
- Industry
- 7487
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Investment banking was at the core of the business of the global Lehman Brothers Group of companies (the “Lehman Group”) Until its recent collapse, the Lehman Group was one of the four biggest investment banks in the United States It provided financial services to corporations, governments and municipalities, institutional clients and high net worth individuals The business activities of the Lehman Group were organised in three segments, namely capital markets, investment banking and investment management Those segments included businesses In equity and fixed income sales, trading and research, investment banking, asset management, private investment management and private equity
The Lehman Group’s headquarters were in New York, with regional headquarters in London and Tokyo and many offices in North America, Europe, the Middle East, Latin America and the Asia-Pacific region
The ultimate parent company of the Lehman Group is Lehman Brothers Holdings Inc (“LBHI”), which 1s incorporated in the United States The main trading companies within the UK were Lehman Brothers International (Europe) (“LBIE”) and Lehman Brothers Europe Limited (“LBEL”)
Administrators' statement of proposals (2008-11-17) · Companies House register