Friday, June 8, 2007

Lehman Brothers Promotes New Head of Equities

Sigurbjorn Thorkelsson - Lehman Brothers

How would you target yourself in the first six years of your investment banking career?
Analyst? Associate? VP? D? MD…? If you are good enough, people won’t care how old you are. Couple of days ago, Lehman Brothers announced their appointment of Sigurbjorn (Siggi) Thorkellsson to the position of Head of Equities, Asia. Siggi made himself an MD at Lehman six years after obtaining his master’s degree from Stanford. In 1998, at the age of 32, he was the Co-head of US equities derivatives at Lehman, based in New York.

Investment bankers have to love New York, London, Tokyo and Hong Kong. Siggi is a good example. After heading the equity derivatives trading team of Lehman at New York and London, he’s marching off to Tokyo in his new position. I’ll talk about living in these cities later on.

Sigurbjorn Thorkelsson will relocate to Tokyo as Lehman seeks to build out its equity franchise in Asia. June 5, 2007

Sigurbjorn Thorkelsson - Bio
1966 Born
1990 Degree in Mechanical Engineering, University of Ireland
1992 Master in Industrial Engineering and Finance, Stanford
1992 Lehman Brothers
1994 CIBC
1998 Managing Director, Lehman Brothers, Co-head US Equity Derivatives, New York
1999 Board Member, Lehman Brothers
2004 Head of European Derivatives Trading, Lehman Brothers, London
2007 Head of Asian Equities, Lehman Brothers, Tokyo

Thorkelsson has headed the European equity derivatives and convertibles division for the past three years, overseeing trading, sales and analytics for the businesses. He joining the bank in 1992, but left between 1994 and 1998 to work for CIBC. He rejoined Lehman Brothers’ equity derivatives group in New York in 1998, and took part in the establishment of a structured products trading group. He has since taken on a number of roles including co-head of US equity derivatives trading and head of European equity derivatives trading.

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