Lehman Brothers has hired Michael Salshutz, previously managing director and high-yield senior analyst at Deutsche Bank, as senior v.p. in high-yield research. Salshutz, an Institutional Investor third team high yield chemicals analyst in last year's All-America Fixed-Income Research Team, declined comment.
Salshutz left Deutsche Bank in March after joining the firm in 2001 from Credit Suisse First Boston. Michele Agostinho, spokeswoman for Deutsche Bank, declined comment and Tasha Pelio, spokeswoman for Lehman, did not provide further information by press time.