Sad to report.
He died on April 29 at NYU Langone Medical Center in New York after a brief illness, his wife, Kathryn Green, said today in an interview. He was a resident of Manhattan.
Under Feigeles’s direction, Lehman’s 500-broker Private Client Services group became 'the industry’s top high-net-worth business', with average broker production of $1.8m, compared with an industry average of less than $500,000, the company said in a 2002 news release. The year before, the group had produced more than $700m in revenue.
Feigeles, a managing director, had joined New York-based Lehman in 1996 with a mission to create the 'prototypical' money-management office for wealthy clients by integrating private-client services with the fixed income and equity units, American Banker reported. Within a year he was overseeing about 300 brokers handling more than $5 billion in assets from 24 offices worldwide, the newspaper said.
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