Andrew J. Morton has been named global head of Lehman Brothers Fixed Income Division.
He succeeds Roger Nagioff who has decided to retire from the investment banking industry for personal reasons. In his new role, Morton will join the executive committee of the firm.
“While we are deeply disappointed that Roger is retiring, we understand and respect his desire to spend more time with his family and pursue other interests. We have appreciated his strong leadership of the Fixed Income Division, especially in the face of challenging markets, as well as his many contributions to the Firm as a member of the executive committee, and we are delighted that he will continue to be available to offer us advice and counsel in key strategic areas,” says chairman and CEO Richard S. Fuld, Jr.
Morton, 46, joined Lehman Brothers in 1993 as head of Fixed Income Derivatives Research in New York and later ran the US Dollar Derivatives Trading desk. He was named head of the European Interest Rates business in 1999 and co-head of European Fixed Income in 2004. In January 2007 he assumed sole responsibility for the business and in October 2007 was appointed co-chief operating officer of the Fixed Income Division globally. Prior to joining the Firm, Morton had an academic career in mathematical finance.
He holds a Bachelor of Mathematics from the University of Waterloo and a Ph.D in Applied Probability from Cornell University.