Lehman Hires Equity Head from Deutsche

Stanley Rowe has joined Lehman Brothers as a managing director and head of LatAm Equities, based in New York. Rowe will be responsible for developing and executing the ECM division’s growth strategy throughout LatAm, reporting to Gerald Donini, head of Americas equities, and Mohammed Grimeh, global head of EM. “He will work closely with the firm’s existing sales, trading and research for the Americas and emerging markets to build out the firm’s Latin America franchise,” says Lehman, which is trying to increase its footprint in EM. In addition to existing offices in Mexico and Argentina, the shop recently opened an office in Brazil, where it acquired the investment banking team of Rio Bravo. Prior to Lehman, Rowe spent more than 10 years at Deutsche Bank where he was most recently the regional head of LatAm Equities. He has also held several senior roles at Deutsche, including head of US Structured Products trading and Americas EM equities trading. Lehman’s ECM platform reported net revenues of $4.4bn in the first nine months of fiscal 2007.