Financial Times FT.com

Lehman Brothers

Barclays may hire Lehman European staff

By Chris Hughes, Investment Banking Correspondent

Published: September 17 2008 13:47 | Last updated: September 17 2008 13:47

Barclays, the UK lender, said it was considering “quickly and seriously” whether to take on staff from Lehman Brothers’ European operations following its agreement to aquire the stricken investment bank’s broker-dealer business in the US.

John Varley, Barclays’ chief executive, said the bank had “opportunities but no obligations” towards Lehman’s non-US businesses, adding that it was possible to “think of people whose activities might be complimentary with what we are buying”.

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