Lehman Brothers announce raft of senior appointments

by Richard Kilner

Story link: Lehman Brothers announce raft of senior appointments

Global investment bank Lehman Brothers has announced a raft of changes in the upper echelons of management.

Eric Felder and Hyung Soon Lee have been made global co-heads of Fixed Income, with immediate effect.

Elsewhere, Riccardo Banchetti and Christian Meissner take on the positions of co-chief executive officers for Europe and the Middle East.

All four will assume seats on Lehman Brothers’ Executive Committee.

Felder and Lee will take over from Andrew Morton, who has been global head of Fixed Income since February of this year.

Also leaving the firm is Benoit Savoret, chief operating officer for Europe and the Middle East since 2007.

Banchetti and Meissner will succeed Jeremy M. Isaacs, who has held the post of Europe, Middle East and Asia Pacific CEO since 2000 and is to retire at the end of this year.

Isaacs will continue to work for the firm, operating as non-executive chairman of Europe and the Middle East until he leaves the bank.