Lehman technology chief Jonathan Beyman quits

Lehman technology chief Jonathan Beyman quits

Jonathan Beyman has resigned as chief of operations and technology at Lehman Brothers and will leave the US investment bank at the end of next month.

According to a regulatory filing, Beyman will receive a cash payment of $800,000 at the beginning of next year subject to conditions. One of these conditions are that he is available to advise the bank on technology matters until the end of the year.

Nobody at Lehman Brothers was available to comment on reasons for Beyman's departure.

Beyman has been in charge of operations and technology since 2002 and is also executive vice president of Lehman Brothers Holdings. He manages a global staff of approximately 4000 professionals who support the bank's information and technology needs and the daily processing, settlement, clearance and control of capital markets activities. Beyman also served as the bank's chief information officer from 2000 to 2002.

He re-joined Lehman Brothers in 1999 as US head of operations after serving as chief information officer of Cendant Corporation and as chief operating officer of Cendant's Internet-based businesses.

Prior to this Beyman was with Lehman Brothers for eight years in a variety of technology and operations senior management roles.

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