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061906

HUMAN FACTORS

FAGEN AT LEHMAN BROTHERS

Lehman Brothers has hired Brian R. Fagen away from Morgan Stanley to be its next managing director and U.S. head of electronic sales. Fagen, who reports to David Porcelli, managing director and head of U.S. Liquid Market Sales at Lehmans, will oversee Lehman's efforts in the electronic brokerage sector. He will work closely with sales product managers to deliver a platform to the clients worldwide. Prior to joining Lehman Brothers, Fagen spent 19 years at Morgan Stanley

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