Former Lehman Brothers employees help wind down bank's business

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Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.

He together with many others were out of a job five years ago as the bank collapsed as the apex of the financial crisis known as the 'Great Recession.' Lehman Brothers in Europe still continues and operates, even just to repay its creditors.

According to Bolland, in an interview with Reuters, "Yeah, you are working yourself out of a job. But you go out with an enhanced CV. And if your were at Lehman before you go out with your head held high, because you stayed and returned this money to the creditors."

Lomas expects to fully repay creditors and the integration of the former staff members of Lehman Brothers International Europe and PriceWaterhouseCoopers employees have been crucial to the achievement of the success.

Bolland recounted, "A lot of people walked put with the cardboard box, but were back in two days later."

Tags
Bank, Business

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