Bhattal goes to Tokyo

With Jarett Wait moving back to New York, Jasjit Bhattal will relocate to Tokyo to be the new CEO of Lehman Brothers Asia.

Jarett Wait, CEO of Lehman Brothers Asia in Tokyo is returning to New York to run the bank's e-commerce businesses. Jasjit Bhattal will assume Wait's roles and relocate from Hong Kong to Tokyo. He will maintain his previous position as head of Asian investment banking and take on the firm's Asian capital markets business as well. He will report to Jeremy Isaacs, head of Lehman Brothers' European and Asian businesses.

Bhattal has been Lehman's head of Asia Pacific investment banking since 1998 when he stepped into the well-regarded Dan Tyree's shoes. With his new appointment he will become a member of the firm's operating committee.

Wait's new role as co-head...

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