Lehman Brothers

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Lehman Brothers has recruited Javier BaÃ±Ã³n as a managing director and co-head of the European merchant banking group. BaÃ±Ã³n joins from DB Capital Partners where he was responsible for private equity investments in Latin America for Deutsche Bank and third party capital. BaÃ±Ã³n will be working with Joe Cohen, a principal and co-head of Lehman Brothers' European merchant banking group, which he joined in 1996. BaÃ±Ã³n was a managing director at DB Capital Partners for six years. Prior to that he was the chief financial officer for the Industrial division of International Fierro Group, a private company with industrial and financial operations throughout Spain, the US and Latin America. BaÃ±Ã³n is Spanish and he will be based in London. Furthermore, as part of the effort to enhance the team, Murat Erkurt joins as an executive director. Erkurt has been with Lehman Brothers for nine years, previously as head of the firm's European venture capital group, before which he was in the merchant banking group based in New York. 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.