Tarun Jotwani has been named chairman and ceo of Lehman Brothers India. He transfers to the sub-continent from London, where he had been working as co-head of European fixed income.

His fellow co-head, Andrew Morton, now takes sole control of that slot as Jotwani sets sail for Mumbai.

After an Indian investment banking push in the mid 1990's, followed by a quieter period, Lehman has now built a staff of 1,000 in Mumbai, where it focuses, inter alia, on developing infrastructure and research that support its front office businesses elsewhere.

Prior to heading international credit markets in Europe and Asia, Jotwani was head of Lehman's fixed income division in Asia. In his Japan days he was listed officially as one of the country's top 100 taxpayers.

In that role he masterminded the firm's high grade, high yield and distressed businesses in the Far East and was at the helm during the Asian financial crisis, before handing over to Hyung Lee.

Jotwani graduated from Delhi University in New Delhi and received an M.B.A. from Pace University.

A number of landmark deals, which saw Lehman appear regularly on Finance Asia's list of achievement award winners at the time, were personally spearheaded by Tarun Jotwani.