Lehman BrothersÆ key appointment

Lehman has appointed Yoshiaki Kawai as Global Head of Japanese Equity Sales Trading and Head of Sales trading of Non-Yen Equity Product, based in Japan. The appointment marks the companyÆs expansion of its Japanese equities franchise.

Additionally, Kawai will be in charge of Domestic Research Sales for Japan.With over 22 yearsÆ experience, Kawai was first with Nomura Securities (Japan) in equity sales. Later, he was Head of Equity Sales in Lugano, Switzerland, Equity Sales and Head of Japanese Equity Trading at Nomura (London). Most recently, he was Co-Head of Sales Trading at Nomura Securities (Tokyo).

Jarett Wait, CEO for Lehman Brothers Asia, said, "Kawai-san has the leadership ability and the experience to help drive the rapid expansion of our Japanese equity franchise. The addition of Kawai-san will strengthen the depth of products and services which we can offer our clients in Japan."