Lehman names Paul Parker global M&A co-head

NEW YORK (Reuters) - Lehman Brothers Holdings Inc LEH.N said on Wednesday it had named Paul Parker global co-head of mergers and acquisitions.

Parker, formerly U.S. head of mergers and acquisitions, joins Mark Shafir, who has run mergers and acquisitions at Lehman since 2003. Shafir was also named chairman of global mergers and acquisitions.

Lehman Brothers, traditionally thought of as a bond house, has invested heavily in merger advisory in recent years. The investment bank ranks ninth among banks globally, as measured by volume of announced deals, down one notch from last year, according to Dealogic. Lehman advised on $713.8 billion of deals in 2007.

In the United States league tables, Lehman climbed two notches to fifth, according to Dealogic.

(Reporting by Dan Wilchins, additional reporting by Joseph Giannone; editing by John Wallace)