PricewaterhouseCoopers (PwC) UK has gained
£57.6m in the past six months in administrator fees from the Lehman
Brothers insolvency, the firm has reported.
PwC said administrator costs in the 18 months
to date represent 0.65% of total assets controlled by the
PwC said in a progress report that they successfully gained
control of $48bn of securities and cash during the first 18 months
of administration of Lehman Brothers International Europe
On 14 March 2010, $13bn was held as cash and $13.8bn in
A further $1bn of assets has been returned to clients in the
last six months.
PwC says the very productive past six months was mainly due to
the successful collaboration between Lehman staff, PwC teams and
the legal advisors.