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Lehman Promotes New Loan Sales Head

Lehman Brothers has promoted Jonathan Kitei, managing director and senior sales representative, to head of U.S. loan sales.

Lehman Brothers has promoted Jonathan Kitei, managing director and senior sales representative, to head of U.S. loan sales. He will be responsible for managing the U.S. leveraged loan public side sales force and distribution of leveraged loan products. He will report to Jim Seery, fixed-income global head of leveraged loans.


John Cortese, v.p. and formerly responsible for trading European  loan-only credit default swaps and high-yield CDS has returned to New York to run Lehman's U.S. LCDS business. He will also trade high-yield CDS in the auto sector and report to Rene Canezin, global head of high-yield derivatives. Alex Stromberg, v.p., will continue to as the leveraged loan trader and will join Cortese in trading LCDS. He will continue to report to Seery.


Rob Alloway, v.p., will be moving to London sometime in January to run Lehman's European high-yield derivative effort. He will report to Canezin in New York and Guy Moar, head of high-yield Europe. A call to Seery was not immediately returned.

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