Lehman Brothers announces new head of Investment Management, Europe and the Middle East

The appointment demonstrates how the Firm is strengthening its Investment Management capability in the region. Mr Hoffmeister will remain a member of the Europe and Middle East Executive Committee and will join the Investment Management Executive Committee.

Based in London, Mr. Hoffmeister will report to to George Walker, global head of Investment Management, Jeremy Isaacs, chief executive officer for Europe, Middle East and Asia-Pacific and Benoit Savoret, chief operating officer, Europe and the Middle East.

Mr. Walker commented, 'Perry is uniquely qualified to help take our Europe and Middle East Investment Management efforts to the next level. His experience, understanding and leadership skills will be extraordinarily useful in working across the Firm to deliver the best Investment Management solutions to the most sophisticated clients.'

Mr. Isaacs said, 'I am confident that Perry's appointment will allow the Firm to further extend in Europe & the Middle East the strong momentum established across our global Investment Management platform.'

Mr. Hoffmeister joined the Firm in 1988 in the Media Investment Banking group in New York and was promoted to managing director in 1998. In 2000, he was named co-global head of the Communications banking group, he ran the global communications and media groups from 2003 and in 2004 relocated to London.

Mr.Hoffmeister has been co-head of the Investment Banking Division for Europe and the Middle East since 2004. During this period, the European Investment Banking Division achieved a number of important milestones, including substantial growth in revenues, profitability and league table rankings.

In conjunction with Mr. Hoffmeister's assumption of his new role, Christian Meissner will become sole head of Investment Banking, Europe and the Middle East. Initially joining the Firm in 2004 as co-head of Investment Banking, Germany and Austria, Mr. Meissner has served as co-head alongside Mr. Hoffmeister since 2006.