has acquired the Private Client Group of
Initiator and financial advisor to Lehman Brothers
Lehman Brothers to acquire SG Cowen private client unit
July 14, 2000 - Lehman Brothers has acquired the Private Client Group of SG Cowen.
The deal brings 300 employees of SG Cowen’s private client group, including 140 brokers who serve affluent individuals and pension fund clients, into the Lehman fold. As part of the transaction, Lehman has acquired the $15 billion in assets under management at SG Cowen.