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SINGAPORE: Employees of Lehman Brothers in Asia are nervously waiting to hear their fate.
Lehman employs about 3,000 staff in Asia, excluding the India back office.
It expanded aggressively in Asia in the last two years, ramping up foreign exchange and investment banking operations in Singapore, Hong Kong and Mumbai.
At Lehman's Singapore office at Suntec Tower, staff arriving for work on Monday dodged reporters' questions. Lehman employs some 270 people in Singapore.
When 938LIVE called a number given by the security staff, a Lehman employee said it was business as usual at the office.
Further queries were referred to the Lehman office in Hong Kong, which was closed due to a public holiday.
One Lehman employee said workers in the Singapore office were anxious about what will happen to them.
A statement issued by Lehman said that none of the broker-dealer subsidiaries or other subsidiaries will be included in the Chapter 11 filing for bankruptcy.
- 938LIVE/yb
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