A member of the cash equity emerging market team at Lehman Brothers has left the US bank in order to rejoin his former employer KBC Peel Hunt, the small- to mid-cap UK broker, after only four months at Lehman Brothers.

Mark Douglas Reed spent three years at KBC Peel Hunt before quitting in August to join Lehman in October, as part of the cash equity emerging markets trading team headed by Michel Danechi, who joined Lehman Brothers last July from Unicredit.