The history of Lehman Brothers

1840–1859
The history of Lehman Brothers parallels the growth of the United States and its energetic drive toward prosperity and international prominence. What would evolve into a global financial entity began as a general store in the American South. Henry Lehman, an immigrant from Germany, opened his small shop in the city of Montgomery, Alabama in 1844. Six years later, he was joined by brothers Emanuel and Mayer, and they named the business Lehman Brothers.

2002
Lehman Brothers moves into its new global headquarters in Midtown Manhattan.

The Firm establishes the Wealth and Asset Management Division*.

Lehman Brothers executes the largest financial services IPO in history for CIT Group, and the largest European leveraged buyout in history for KKR and Wendel Investissement..

The Firm lead-manages the largest-ever U.S. dollar denominated debt issue for GECC.

Lehman Brothers acquires Lincoln Capital Management's fixed income business*.

* In 2005, the Wealth and Asset Management Division was renamed the Investment Management Division and Lincoln Capital Fixed Income Management Company, LLC was renamed Lehman Brothers Asset Management LLC

2008

LehmanLive®
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