Lehman Brothers hires Asian head of equities

Lehman Brothers has hired Timothy Throsby as managing director and head of equities for Asia.

Based in Tokyo, Throsby will be responsible for all of the bank's Asian equity research, sales, trading and origination business, including equity derivatives. He will report jointly to Jesse Bhattal, chief executive officer of Lehman Brothers, Asia, and the co-heads of global equities, Rob Shafir and Roger Nagioff.

Throsby joins from Goldman Sachs where he spent seven years, most recently as managing director and co-head of equity derivatives, Asia-Pacific. Prior to that, he held senior positions in equity derivatives at Macquarie Bank and Credit Suisse First Boston.

Throsby is assuming the responsibilities of Benoit Savoret, who will return to London to serve as one of two Europe representatives on Lehman Brothers' Global Equities Executive Committee, together with John Phizackerley.