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Lehman poaches India head from Citi

Lehman hires career Citibanker, Surojit Shome, to head its India investment banking franchise.
Lehman Brothers' plan to build an investment banking franchise in India is underway following the poaching of Surojit Shome from Citigroup. Shome will be managing director and head of investment banking for Lehman Brothers in India, based in Mumbai. He will report locally to Tarun Jotwani, who was recently appointed chairman and CEO of Lehman's Indian operations, and regionally to Kunho Cho, head of investment banking, Asia-Pacific.

Shome is not a career investment banker. Indeed, he last held a position in corporate banking, heading CitigroupÆs franchise for India and the sub-continent, a role he took on just a year ago in November 2005. When Shome was appointed to that role he also maintained the handing...
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