Jayanta Banerjee has joined Lehman Brothers as managing director after leaving Mumbai and Bangalore-based ICICI Venture where he was head of growth capital investments.
Banerjee told PEO that he will assume a much wider role at Lehman Brothers and concentrate on mid-market deals in all sectors. Banerjee started at ICICI in 2002 and before that he worked at Ernst & Young. ICICI has not yet announced a successor.
ICICI is led by Renuka Ramnath who has been managing director and chief executive of the firm since 2001. The firm recently raised an $810 million fund – India’s biggest private equity fund to date.
Lehman Brothers founded its private equity business, which has more than $12.6 billion under management, in 1984.