Lehman India

LEHMAN BROTHERS APPOINTS JAYANTA BANERJEE AS
HEAD OF PRIVATE EQUITY AND GROWTH CAPITAL, INDIA

MUMBAI, 12 June 2007

Lehman Brothers, the global investment bank, said today Jayanta Banerjee has joined the Firm as managing director and head of Private Equity (excluding Real Estate) and Growth Capital, India. Based in Mumbai, he will report jointly to Tarun Jotwani, chairman and chief executive officer, India, and Christopher Manning, head of the Investment Management Division, Asia.

In his new role, Mr. Banerjee will be responsible for managing Lehman Brothers’ growth capital principal investments and will work closely with members of the various global private equity funds. Having been involved with the Indian private equity industry since 1998 and having been a member of the senior management team at one of India’s largest and most successful private equity firms, Mr. Banerjee brings vast experience and an indepth knowledge across various sectors as an investor.
Mr. Jotwani said, “Lehman Brothers’ India franchise continues its robust expansion and, under Jayanta’s leadership, we expect to capitalize on the tremendous growth in mid-capcorporate India. With corporate profit growth in the mid-twenty percent range, and private equity investments growing at a rate of more than 100% in India, we are very pleased to have someone of Jayanta’s caliber leading this effort for us.”
Mr. Manning added, “We are excited to have someone of Jayanta's talents as we continue to grow our private equity business in India and we look forward to partnering with management teams to help them achieve their growth plans.”

Prior to joining Lehman Brothers, Mr. Banerjee was Director-Investments at ICICI
Venture. In addition to being a member of the Investment Committee of ICICI Venture’s
US$810 million India Advantage Fund Series 2, the largest Indian private equity fund,
Mr. Banerjee played a pivotal role in raising funds from investors across the globe. He is an alumnus of Indian Institute of Management, Bangalore (IIM B) and holds a Bachelor of Engineering from Jadavpur University, Kolkata.

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LEHMAN BROTHERS APPOINTS PRASHANT PURKER AS
HEAD OF GLOBAL FINANCE, INDIA

MUMBAI, 30 April, 2007

Lehman Brothers, the global investment bank, today announced the appointment of Prashant Purker as managing director and head of Global Finance, India.

In this new role, Mr. Purker will be responsible for the Firm’s origination efforts across debt, equity and the client-based Risk Solutions Group in India.
Mr. Purker has more than twenty years of business development and managerial experience across a wide range of financial services and products, including foreign exchange, equities, fixed income, asset-backed finance and interest rates, as well as their related derivatives.

Based in Mumbai, Mr. Purker will report to Surojit Shome, head of Investment Banking,
India and Joonkee Hong, head of Global Finance, Asia.

Mr. Shome said: “We are delighted to have someone of Prashant’s caliber join our
Investment Banking franchise. With M&A on the rise and demand for innovative structured financial products increasing, Prashant’s experience will be an invaluable asset to the Firm.”

Mr. Purker joins Lehman Brothers from ICICI Bank Ltd, where he was head of Global
Principal Investments and Trading, responsible for the bank’s Indian proprietary trading business and the investment and trading activities of its overseas branches. Mr Purker is an Indian Institute of Technology (Kanpur) alumnus and has a post-graduate diploma in management from the Indian Institute of Management (Ahmedabad).



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LEHMAN BROTHERS APPOINTS PANKAJ VAISH AS HEAD OF EQUITIES AND FIXED INCOME LIQUID MARKETS, INDIA


MUMBAI, 23 April 2007


Lehman Brothers, the global investment bank, today announced the appointment of Pankaj Vaish as managing director and head of Equities and Fixed Income Liquid Markets, India. Based in Mumbai, he will report to Tarun Jotwani, chairman and chief executive officer, India and Hyung Lee, head of Equities and Fixed Income, Asia.
Mr. Vaish brings to the Firm vast experience across product lines. He has worked extensively in equity and derivatives trading, structuring and trading structured products. He also brings in-depth knowledge of hedge funds, having previously founded a global macro hedge fund, called PV Capital Management, and has worked with New York-based Vega Asset Management.

Mr. Jotwani said: “It gives me immense pleasure to welcome a professional of Pankaj’s exceptional standing to the Firm, who brings with him over 16 years of capital markets experience. Currently, India is a market with great potential in the capital markets. His leadership and expertise in financial products will be an invaluable asset as the Firm grows in equities, rates and commodities, among other liquid markets products. His appointment highlights Lehman Brothers’ commitment to expanding our businesses in India.”

Mr. Vaish joins Lehman Brothers from Citigroup, New York, where he was most recently managing director, responsible for proprietary trading of Global Equity Markets via cash and derivatives. Earlier he was responsible for the North American Equity Derivatives Trading, Global Commodity Derivatives business and Fixed-Income Derivatives Trading activities at Citibank. He has a Master of Science in Management as well as a Bachelor’s degree in Economics from the Massachusetts Institute of Technology.




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LEHMAN BROTHERS APPOINTS SUROJIT SHOME AS MANAGING DIRECTOR AND HEAD OF INVESTMENT BANKING, INDIA

MUMBAI, 23 January 2007

Lehman Brothers, the global investment bank, today announced the appointment of Surojit Shome as managing director and head of Investment Banking, India, based in Mumbai.


Mr. Shome brings to the Firm a depth of experience in the Indian market covering the corporate banking, capital markets and investment banking product range. He is responsible for building the Firm’s investment banking franchise in that market and reports to Kunho Cho, head of Investment Banking, Asia Pacific, at Lehman Brothers, and Tarun Jotwani, chairman and chief executive officer, India, at Lehman Brothers.
Mr. Shome joins Lehman Brothers from Citigroup, where he was most recently a managing director and head of Corporate Banking for the Indian sub-continent overseeing corporate and financial institutions coverage teams for India, Sri Lanka, Bangladesh and Nepal. He has a bachelors degree in Economics & Statistics from Presidency College, Kolkata and a post-graduate degree in business management from XLRI, Jamshedpur.

Tarun Jotwani, chairman and CEO, India, at Lehman Brothers, said, “I am delighted to have someone of Surojit’s calibre leading our rapidly expanding Indian investment banking franchise.

India is an exciting growth market and Surojit brings 19 years of experience, enormous domain knowledge and great leadership skills to Lehman Brothers. His appointment highlights the Firm’s commitment to expanding our investment banking presence in India.”

Bsed on media release by Lehman