Lehman Brothers has appointed Tom Picard as general manager for Lehman Brothers Singapore and head of South East Asian Capital Markets Sales for Lehman Brothers Asia. As general manager, Picard's responsibilities include the strategic focus and business development of the firms's Singapore operations, working with the senior managers in the region to provide strategic focus and leadership for the regional capital markets activities outside Singapore.

As head, he will work with the regional heads of Fixed Income and Equities to explore business opportunities in the region. Picard has been with Lehman Brothers for more than 10 years in the New York, Tokyo and Singapore branch offices. Jarett Wait, CEO for Lehman Brothers Asia, says, "Having someone with Tom's experiencee and knowledge base, both within Lehman and in the firm's Asian regional capital markets activities, will allow Lehman Brothers to play an even greater role in South East Asia, and underscores the continuing investment by our firm in its Asian business."