Lehman Brothers has hired Raj Dhown, a senior credit salesman and latterly co-head of Deutsche Bank's CDO origination and distribution to Europe and Asia. An official at Lehman confirmed the hire but was unable to provide Dhown's exact role, or to whom he will report. Dhown and Mark Lane, spokesman for Lehman in London, did not return messages.
Dhown resigned from Deutsche Bank in July, citing personal reasons for his departure. He joined the German firm in 2003 from JPMorgan, where he marketed and structured interest rate and credit derivatives for Europe. He was appointed to head Deutsche Bank's U.K., Scandinavia, Holland and Ireland fixed income, cash and derivatives marketing and then elevated co-head of CDO distribution last year before his departure.
