Lehman Brothers has promoted Andrew Morton and Tarun Jotwani to co-heads of fixed income. Morton was co-head of global interest rate products and Jotwani was head of international credit markets with responsibility for credit and CDOs. The two take over for Mark Benson, the previous head, who is now responsible for wealth and asset management, private equity and Lehman's mortgage subsidiaries.
Benson has also been appointed to Lehman's European executive committee. As part of the move Jotwani will also oversee structured finance and real estate while foreign exchange, futures and central funding will be under Morton.
Jotwani and Morton will work with Riccardo Banchetti, head of European fixed income sales, and will report to Roger Nagioff, chief operating officer for Europe.
