Jasjit Bhattal, Lehman's Asia CEO has been asked to join the firm's 13 member Executive Committee. This is the first time Lehman will include an Asian representative on this committee, which comprises the firm's most senior leaders. The move marks Lehman's recognition of Asia as an essential and rapidly growing part of its business. Having recently opened a new office in Taiwan, Lehman has been visibly expanding its commitment to the region.
Bhattal, who has been with Lehman for over a decade, has been Asia CEO since 2000. Prior to this he headed up the firm's investment banking operations in the region. In these roles he has been expanding the firm's Asia Pacific investment banking and capital markets franchise.
Commenting on Bhattal and other new appointments to the committee, Lehman's chairman and CEO Richard Fuld says, "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 base worldwide. 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."