Top Lehman Mortgage Trading Executive Leaves


A head trader on the commercial mortgage-backed securities desk at Lehman Brothers Holdings has left the investment bank, the company said Thursday.

The executive, John Beaman, is no longer with the company.

No reason for his departure was given. Beaman joined Lehman several years ago from Credit Suisse First Boston.

Meanwhile, David Sherr, head of global securitized products at Lehman, plans to leave the company at the end of the year to start a hedge fund. Lehman is expected to be a partner.