Bangkok--Jan 15--Aziam Burson-Marsteller
Lehman Brothers Holdings Inc. (NYSE: LEH) has named Jasjit S. Bhattal, Theodore P. Janulis, Hugh "Skip" E. McGee, and Roger B. Nagioff to the Firm's Executive Committee, effectiveimmediately. Mr. Bhattal is the chief executive officer of Lehman Brothers Asia, Mr. Janulis is the head of Global Wealth and Asset Management, Mr. McGee is the global head of Investment Banking, and Mr. Nagioff is the co-head of Global Equities. The appointments bring the number of members of the Lehman Brothers Executive Committee to 13.
Commenting on the appointments, Richard S. Fuld Jr., chairman and chief executive officer, said, "As we continue to grow, we want our team of senior leaders to encompass all of the Firm's businesses globally. These additions to the Executive Committee will further strengthen our ability to deliver the full resources of the Firm to our growing client baseworldwide. Jesse, Ted, Skip and Roger have all demonstrated outstanding leadership, and each one has made tremendous contributions to the overall franchise and to our One Firm culture."
Mr. Bhattal, 47, joined Lehman Brothers in 1993 and was named chief executive officer of Lehman Brothers Asia in 2000. In this role he has been instrumental in the strategic development and continued expansion of the Firm's investment banking and capital markets business in Asia. Prior to his current position, Mr. Bhattal was the head of Investment Banking for the Asia Pacific region.
Mr. Janulis, 44, has held a number of leadership positions in Fixed Income since joining the Firm in 1985. Prior to his appointment to head of the Firm's Wealth and Asset Management Division in 2002, Mr. Janulis served as co-head of Lehman Brothers' Fixed Income division, with Herbert H. McDade.
Mr. Janulis has been instrumental in building the Firm's asset management and private client services businesses, growing Lehman Brothers Bank, and overseeing the successful integration of Neuberger Berman.
Mr. McGee, 44, has been with Lehman Brothers since 1993 and was named global head of the Investment Banking Division in 2002. Prior to this position, Mr. McGee was head of Lehman Brothers' Global Natural Resources and Power Investment Banking Groups. Since being named to his current role, Mr. McGee has continued to strengthen the Firm's targeted client focus and investment banking presence across products and geographies.
Mr. Nagioff, 39, who joined the Firm in 1997, has been co-head of Global Equities with Robert S. Shafir since 2000. Concurrent with this announcement, Mr. Nagioff will take on the newly created role of chief operating officer of Lehman Brothers Europe, reporting to Jeremy M. Isaacs, chief executive officer of Lehman Brothers Europe and Asia. Mr. Shafir will continue as head of Global Equities. In this new capacity,
Mr.Nagioff's responsibilities will include the daily management of the Firm's European businesses and administration.
Lehman Brothers (ticker symbol NYSE: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity, asset management and private client services. The Firm is headquartered in New York, London, and Tokyo and operates in a network of offices around the world. For further information about Lehman Brothers' services, products, and recruitment opportunities, visit our Web site at www.lehman.com.
For Immediate Release
Aziam Burson-Marsteller
James Best/Steve Vincent
Tel. 02 252 9871 End.
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