Erin Callan, currently responsible for heading global hedge funds coverage at Lehman Brothers, has been appointed chief financial officer of the global investment bank as part of a series of senior management changes that will take effect on December 1.
Chris O'Meara will assume the role of global head of risk management, while Madelyn Antoncic will take on the newly-created role of global head of financial market policy relations.
'Lehman Brothers' success depends in large part on leveraging our best people's strengths and experiences,' says chairman and chief executive Dick Fuld. 'Erin, Chris and Madelyn have all played vital roles in creating value for our clients and shareholders. In their new positions, they will have an even greater ability to contribute significantly.'
As chief financial officer, Callan will oversee the firm's finances, including treasury, tax and financial control and reporting, and will join the executive committee. She joined Lehman Brothers in 1995 and was named a managing director in June 2000.
She took charge of global hedge funds coverage early last year in a new initiative within the investment banking division since early 2006, having previously headed, Lehman's global finance solutions.
O'Meara, who joined Lehman Brothers in 1994, has held various prominent roles in the finance area including global controller, head of expense management, chief financial officer of investment banking and head of financial management information, and has been the firm's chief financial officer since December 2004.
Callan and O'Meara will report directly to Fuld and Joe Gregory, president and chief operating officer, and to co-chief administrative officer Ian Lowitt for day-to-day administration of their responsibilities.
As global head of financial market policy relations, Antoncic will deal with key sovereign and financial officials on policy issues as they impact the firm and the markets. She has been the global head of risk management for the past five years, having joined Lehman in 1999 as head of risk policy. During her career, she has served as a Federal Reserve economist, an international bank treasurer and a risk manager.