Lehman Brothers launches merchant banking advisory council

02 August 2004

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Lehman Brothers has announced the formation of its Merchant Banking European Advisory Council, consisting of seven senior advisors representing seven European countries and a wide range of industries. The council members have distinguished careers both in politics and business and have worked for some of the most prestigious companies and organisations in Europe. The merchant banking group is responsible for investing Lehman Brothers' and third party capital in private equity transactions with the objective of achieving capital appreciation over a medium-term horizon. The investment strategy is to focus on mid-market buyouts in Western Europe and the US.

The advisory council is expected to meet several times a year to discuss existing investments and opportunities for future deals. Lord Baker is chairman of the council. A Conservative MP until 1997, Lord Baker's cabinet posts included environment secretary, education secretary and home secretary. He is currently chairman of Business Serve Plc, Monstermob Plc and Teather & Greenwood Holdings Plc. Eric van Amerongen joined the executive board of Swets & Zeitlinger in May 2002 from Lucent Technologies, where he had been president & chief executive officer for Europe, the Middle East and Africa since 1997. Rodolfo Bogni is the former chief executive of UBS Private Banking and was a member of the group executive board of UBS Ag. Before that, he was the CEO of Swiss Bank Corporation in London, where he was mainly responsible for European investment banking activities.

Emilio Novela was vice-chairman and chief executive officer of Vallehermoso from 1999 - 2003, the largest real estate company in Spain. Lorenzo Pellicioli was the chief executive of Seat Pagine Gialle SpA from November 1997 to December 2001 and chairman in year 2001. He is on the board of directors of De Agostini SpA, Ilte and Toro Assicurazioni. Dr Dieter Pommerening is currently vice-chairman of Felix Schoeller, the world leader in speciality papers, chairman of Mobileview AG and chairman of Oncoscience AG. Heinz Sundt became chief executive officer and chairman of the management board of Telekom Austria in April 2000. Previously he had been the head of Mobilkom Austria and led the development of the Mobilkom division within the Telekom Austria group.