Lehman Brothers

Lehman Brothers has boosted its European private equity team with the appointment of Javier Bañón as managing director and co-head of the bank's European merchant banking group. Bañón joins from DB Capital Partners where he was responsible for private equity investments in Latin America for Deutsche Bank and third party capital. He will work alongside Joe Cohen, a principal and co-head of the European group and report to Charles Ayres, the global head of merchant banking at Lehman Brothers who is based in New York. The new hire is a further signal of the bank's efforts to build up its private equity practice and comes a week after Lehman finished fundraising for a E750m European mezzanine fund, its first European fund and the largest fund focusing on mezzanine investments in Europe. Bañón, who used to work with Ayres at Deutsche Bank, said the European group would take an opportunistic approach to investment activity. Lehman has also appointed Murat Erkurt as an executive director for the European merchant banking group. Erkurt has been with Lehman Brothers for nine years and previously headed the bank's European venture capital group.

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• Topics
• Southern Europe