Lehman Brothers has bolstered its oil and gas and chemicals research team with the poaching of Cheng Khoo. Effective 24 May, Khoo will take on the newly created role of managing director, regional head oil and gas and chemical research, Asia ex-Japan.

In crossing to Lehman from UBS, Khoo will assume responsibility for leading this research team and expanding the coverage of the research in the region, which will include several more hires in the near term. For Lehman Brothers, the Hong Kong-based Khoo will report directly to Hua He, managing director, head of equity and fixed income research, Asia.

Although the role is newly created, Khoo will take over from the duties of Han-Pin Hsi, who previously held responsibility for the oil and gas sector. With the expansion of the role to include the regional chemicals sector, Hsi will move over to LehmanÆs China equity research team in the role of equity strategy.

Khoo heads to Lehman from UBS, where she was most recently regional head of oil and gas and chemical sectors, Asia ex-Japan. In total she brings over a dozen years of experience in this sector and her arrival follows recent moves at Lehman to build-out its research platforms in the US and Europe.