Lehman Brothers has hired Mark Berman as director of equity research, Japan. Berman was previously with CSFB's equity research group in Tokyo where he focused on the Japanese telecommunications industry. Prior to that he worked as a buy-side analyst with Rockefeller in New York where he analysed investment opportunities in the global tech and telecom sectors. Berman started his career with Jardine Fleming in Tokyo.

Berman will report to William McGrath, Lehman's director of Asia Pacific equity research.

"We are committed to building the Japan component of our leading global equity research franchise," says Tim Throsby, Lehman's head of Asian equities. "We are proud to welcome Mark on board and look forward to his leadership in providing a first-class Japanese research product to our clients."