Lehman Brothers has named Stevan Lambert as Managing Director and head of its investment banking and capital markets activities in Australia and New Zealand. With about 18 years financial markets experience, Lambert was most recently with Merrill Lynch, Hong Kong. He will act as the firm's primary liaison with ANZ, head upáthe Asian fixed income derivatives business, and develop and manage its Australian fixed income and equity sales, training and origination activities.

Jasjit S. Bhattal, Chairman, Lehman Brothers' Asia Pacific region, said, " The hiring of a professional with the significant background of Stevan Lambert reflects Lehman Brothers' ongoing commitment to playing a leading role in key Asian banking markets, such as Australia and New Zealand."