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After spending 19 years at Morgan Stanley, Brian Fagen has left the firm to join Lehman Brothers as managing director and U.S. head of electronic sales. Fagen says he made the move for the personal challenge and the opportunity to build a new business at Lehman. At Morgan Stanley, Fagen was head of electronic trading and portfolio trading sales.
"The reason you move from one place to another is always a difficult question to answer," Fagen relates. "This was about personal challenge and the opportunity to build a business. Morgan Stanley will continue to be a great business, but this was an interesting opportunity to build out an electronic trading business at a full-service firm from a different perspective."
Fagen says his priority is to continue to build...