Lehman Brothers bags former US Treasury SecretaryLehman Brothers Private Equity has hired Emil W Henry, Jr, former Assistant US Treasury Secretary for Financial Institutions, as a managing director. Henry, who will be based in New York, will focus on global investments in infrastructure and will report to Michael J Odrich, managing director and global head of private equity within Lehman Brothers’ Investment Management Division.
'Emil brings the right combination of skills and experience to head up this important business,' said George Walker, global head of investment management for Lehman Brothers. ‘With the skills of our private equity team and our global capabilities and platform, we are uniquely positioned to help our clients take advantage of the significant investment opportunities in infrastructure going forward.'
At the US Treasury from October 2005 until last month, Henry worked for Treasury Secretaries John Snow and Henry Paulson. Upon leaving the agency, Henry received the Treasury’s Alexander Hamilton Award. Before joining the Treasury, he spent approximately 20 years in investment management and investment banking, most recently as a senior partner, managing director and chairman of asset management with Gleacher Partners.
Lehman Brothers’ Private Equity business, started in 1984, manages $19bn in 16 different fund strategies across six asset classes: merchant banking, venture capital, real estate, fund-of-funds, credit and infrastructure.
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