Lehman Brothers has named Riccardo Banchetti as chief executive for Italy.Banchetti will move from London, where he was head of European fixed-income sales, to Milan to take up the newly-created post. He will be replaced by David Bizer, previously head of North American equity sales.
Banchetti will report to the chief operating officer for Europe, Roger Nagioff, and will remain a member of the European executive committee. Bizer will report to the head of European fixed income, Andy Morton, and the global head of fixed-income sales, Tom Humphrey.
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