Former Head of Tax & Treasury gets CFO job at Lehmans

 In CFO, Head of Tax, Head of Tax & Treasury

Lehman Brothers, the global investment bank, yesterday announced that Ian Lowitt will succeed Erin Callan as the Firm’s chief financial officer.  Mr. Lowitt will join the Firm’s Executive Committee.

Since October 2006, Mr. Lowitt, 44, has been the Firm’s Co-CAO.  In this role, he was
responsible for the global oversight of Corporate Real Estate, Expense and Sourcing Services, Finance, Operations, Productivity and Process Improvement, Risk Management, and Technology.  Prior to his Co-CAO position, Mr. Lowitt was the CAO of Lehman Brothers Europe. He has also served as global treasurer and global head of Tax. Before becoming global treasurer, he was the Firm’s head of Strategy and Corporate Development.  Mr. Lowitt joined Lehman Brothers in 1994 from McKinsey & Company.  Mr. Lowitt has a B.Sc. and an M.Sc. from the University of the Witwatersrand. He also has a B.A. and an M.Sc. from the University of Oxford, which he attended as a Rhodes Scholar.

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