Mark Lies, managing director and head of European leveraged finance at Lehman Brothers in London, has resigned from the firm, according to an internal memo obtained by BW. Lies could not be reached. Sara Balls, spokeswoman for Lehman, declined comment. Charles Pitts-Tucker, managing director in leveraged finance and a potential candidate to take over Lies' former role, did not return calls.
Lies joined Lehman last year and relocated to London from New York last summer to help build the firm's European leveraged finance and capital markets desks (BW, 7/19). Before working at Lehman, Lies was a leveraged finance banker at Bank of America and later worked at Bear Stearns. It could not be determined if he will join a new firm or take time off.