Lehman Brothers has announced the appointment of Anthony Steains, formally of Deutsche Bank. For the US investment bank, Steains will take on the newly created role of head of industrials in Asia corporate finance.

From LehmanÆs Hong Kong offices, he will report directly to Charles Alexander, head of Asia corporate finance and will his efforts on further enhancing the firmÆs resources offered to industrial clients.

ôThere is a strong demand for financing and M&A advisory in industrials sectors across Asia and we are well placed to replicate our global success in this vibrant market," says Steains.

At Deutsche Bank, Steains was recently head of industrials and resources, Australia and New Zealand in its global corporate finance division. He first joined this firm in 2001, as head of mergers and acquisitions, Asia.

Outside of Deutsche, he also worked for ING Barings Asia for five years, three of which were as head of mergers and acquisitions, Asia. His resume also includes five years with Coopers & Lybrand, in their corporate practice in Hong Kong, London and Australia.

In total, he brings 17 years of corporate finance experience to Lehman Brothers. He has worked with many high profile clients in the region - notably being a key player in Deutche's successful restructuring of Hynix Semiconductor, and working closely with PetroChina on its East-West pipeline project. At ING he worked closely with First Pacific and PLDT.

His hire is another indication of Lehman's stepped-up commitment to the region, and will once more see Steains based in Hong Kong.