Mark Bourgeois is joining Lehman Brothers as managing director and co-head of global institutional distribution, with a focus on alternative products. He will begin in May, and previously was part of the Private Funds Group at UBS.
Lehman Brothers, the global investment bank, announced today that Mark Bourgeois will be joining the firm as managing director and co-head of Global Institutional Distribution with a focus on alternative products. Mr. Bourgeois will be based in
He will join Eric Johnson, managing director, as co-head of Global Institutional Distribution. Mr. Johnson has focused on traditional products at Lehman Brothers since 2005. Messrs. Bourgeois and Johnson will report jointly to Joseph Amato, managing director and global head of Asset Management, and Michael J. Odrich, managing director and global head of Private Equity, within Lehman Brothers' Investment Management Division.
“Mark and Eric will make a terrific team, enabling us to deliver a broad range of both traditional and alternative solutions to our clients,” said Mr. Amato.
“With Mark's strong institutional relationships with limited and general partners, we are positioned to continue to aggressively build our diversified Private Equity, Real Estate, and Hedge Fund platform,” said Mr. Odrich.
Mr. Bourgeois assumes his new role in early May. Most recently, he helped lead the UBS Private Funds Group for eight years. Prior to UBS, Mr. Bourgeois was a founder in the same business at PaineWebber and integrated that business into the UBS platform following PaineWebber's acquisition in 2000. Mr. Bourgeois has been instrumental in raising more than $100 billion globally through more than 50 different alternative investment funds.
Lehman Brothers' Investment Management Division (IMD) encompasses three global businesses: Private Equity, which provides investment opportunities in privately negotiated transactions across a variety of asset classes for institutional and qualified individual investors; Private Investment Management, which offers comprehensive investment, wealth advisory and capital markets execution services for high net worth individuals and businesses, leveraging all of the resources of the Firm; and the Asset Management business, which offers proprietary asset management products across traditional and alternative asset classes, through a variety of distribution channels to individuals and institutions. IMD assets under management totaled $277 billion as of Feb. 29, 2008, including $34 billion in Alternatives.
Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The Firm is headquartered in