Investment bank Lehman Brothers has appointed Morgan Stanley's Brian Fagen as a managing director and US head of electronic sales.
Fagen spent 19 years at Morgan Stanley where he was most recently head of electronic trading and portfolio trading sales.
His previous roles at the US bank include head of program trading and sales, head of equity futures and head of money manager derivative sales.
In his new role at Lehman, Fagen will be responsible for growing the bank's electronic brokerage business and will work with sales product managers to deliver an e-trading platform to clients worldwide.
Fagen will report to David Porcelli, managing director and head of US liquid market sales at Lehman Brothers.