Lehman Brothers said Tuesday it has brought back two senior managers, and promoted two other staffers. Michael Gelband will return to serve as global head of capital markets, and Alex Kirk has rejoined as global head of principal investing. They will report to Bart McDade, the newly named president and chief operating officer at Lehman.
Officials at Lehman werent immediately available for further comment.
Gelband, 49, joined Lehman over 25 years ago and has held various senior roles, most recently as global head of fixed income. He has overseen several businesses in fixed income, including central funding, futures, insurance products, interest rate derivatives, Asia fixed income and mortgage-backed derivatives trading.
Kirk, 48, most recently served as co-chief operating officer for the fixed-income division, and was head of global credit products, with responsibility for the CDO, high-grade, high-yield, structured credit and emerging markets credit businesses. He also held the role of global head of the distressed debt business with responsibility for trading, sales and research.
Additionally, Dave Goldfarb was promoted to assume the role of chief strategy officer from global head of strategic partnerships, principal investing and risk, a position he has held for the past two years. He will continue to serve on the executive committee and report to McDade.
Gerald Donini has been named global head of equities from his current position as head of Americas equities. Donini, 44, has been with Lehman for more than 10 years and has held positions as global derivatives trading and head of US equity trading.