Lewis L. Glucksman, the one-time leader of the investment firm Lehman Bros., has been appointed a vice chairman of the brokerage Smith Barney, Harris Upham & Co.
Starting Nov. 12, Glucksman will manage Smith Barney’s capital markets group, which involves supervising principal trading in fixed-income and equities securities. He will also chair Smith Barney’s credit policy committee, which oversees the firm’s credit decisions.
“Lew has demonstrated time and again an ability to achieve outstanding results in all market conditions,” said Frank G. Zarb, chairman and chief executive of Smith Barney.
Glucksman founded Glucksman & Co. in 1984 after leaving Lehman Bros., a predecessor to Shearson Lehman Hutton Inc.
He had served 21 years at Lehman Bros., rising to the posts of chairman and chief executive. Lehman Bros. was sold to Shearson-American Express in May, 1984.
“The opportunity to join Smith Barney and work with Frank Zarb represents just the kind of challenge I’ve been looking for in the industry I know and love best,” Glucksman said in a prepared statement.
“I’ve thrived for many years on adapting to, and capitalizing on, the constant changes in this industry and look forward to the chance to do it again.”