Thursday, June 14, 2007

Lehman completes a Trimurti of senior hires

Lehman Brothers has made the last in a trimurti of senior hires to its Indian investment banking unit with the appointment of a venture capital specialist Jayanta Banerjee to run its private equity business in the country, as reported by Reuters.

Jayanta Banerjee joins from ICICI Ventures where he was a committee member on India’s largest private equity fund, the $810m India Advantage Fund Series 2.

By hiring Banerjee, Lehman has appointed new heads for its three main growth businesses in India this year. In January the bank hired Surojit Shome as head of investment banking before appointing Pankaj Vaish as head of equities and fixed income markets in April. Both were earlier working with Citigroup.

Banerjee will report to Tarun Jotwani, the chief executive of Lehman’s business in India, and Christopher Manning, head of the bank’s Asia investment management division.

1 comment:

ilanit said...

Los Angeles private equity firms borrow new money into existence in order to take these companies private. They inflate the money supply and syphon off huge sums as personal compensation. All the while, the cost of everything goes up as the value of a dollar goes down.