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Lehman Bros’ Dick Fuld is back on deals
THE FORMER boss of collapsed bank Lehman Brothers is back in action, with reports yesterday indicating he was advising US firm OpenMatch Holdings in its bid to buy the National Stock Exchange.
Dick Fuld has kept his head down since the failure of the bank in 2008. But his work on this deal, reported by Dow Jones, could be a sign that he wants to rehabilitate his image.
Fuld’s return could draw comparisons with tech industry analyst Frank Quattrone, who made his name selling stocks in the dotcom bubble, and was disgraced in the subsequent crash. But he returned in 2008 to build up a successful new firm, Qatalyst Partners. OpenMatch declined to comment on its advisers on the proposed acquisition.