Tim Bacchus, one of Asia's leading transportation and aviation analysts has moved from Morgan Stanley to Lehman Brothers. The move is understood to be a replacement of an existing position rather than a new coverage area for the bank.

While at Morgan Stanley, Bacchus was consistently ranked highly in the annual Institutional Investor (II) magazine research analysts rankings, coming third in 2002 and 2001. Before working at Morgan Stanley, Bacchus was with Deutsche Bank, also covering the transportation and aviation sectors. He came first in the II poll in 1999 while at Deutsche. Prior to that he was with Schroders and before that he was with Morgan Stanley in New York. He has been in Hong Kong since 1995. He offically started with Lehman on August 4th.