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Lehman Brothers boosts India franchise with Citi hire

Pankaj Vaish will head the bankÆs equities and fixed-income liquid markets team in India.

April 24, 2007

Lehman Brothers has appointed Pankaj Vaish managing director and head of equities and fixed-income liquid markets in India. He joins the bank from Citi in New York, where he has been a managing director responsible for proprietary trading of global equity markets, both on the cash and derivatives side, since 2005.

Vaish, who joined Lehman Brothers in mid-April, will be based in Mumbai and will report to Tarun Jotwani, chairman and chief executive officer in India, and Hyung Lee, the bankÆs head of equities and fixed-income in Asia. He brings with him over 16 years of capital markets experience.

ôCurrently, India is a market with great potential in the capital markets. VaishÆs leadership and expertise...

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