It is good to see that the important things in life continue to matter. Lehman Brothers may be waving goodbye to its long-serving co-head of investment banking, Benoit d'Angelin, as he tries his hand at hedge funds, but the American bank will stay in touch in with him in other ways.

First, d'Angelin's new home, Centaurus Capital, is a big client of Lehman. Second, he will serve on Lehman's European advisory board. Most important of all, however, is that d'Angelin's family wine will remain on the menu in Lehman's dining rooms.