Lehman's Soares Leaves Firm

Nelson Soares, a longtime managing director at Lehman Brothers, who led its U.S. securitization group, left the company earlier this week, say market sources. Soares was also active with the American Securitization Forum and was elected treasurer in a term that expires in 2010. In conjunction with his departure from Lehman, Soares resigned from his position as ASF treasurer.