UPDATE 2-MOVES-Lehman, Permira, Fortis, Lloyds TSB, Swedbank

Wed Nov 5, 2008 4:21pm EST
 
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(Adds Lehman, Permira)

Nov 5 (Reuters) - The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, please e-mail moves@thomsonreuters.com.

LEHMAN BROTHERS

Lehman Brothers Holdings Chief Executive Richard Fuld will step down from that post by year's end, a spokesman for the bankrupt financial firm said.

Fuld will continue as nonmanagement chairman of the board after leaving. A new CEO was not named.

PERMIRA

The private equity firm appointed James Fraser as head of financial services.

Prior to joining Permira, Fraser was at L.E.K. Consulting in the U.K., U.S. and Australia, most recently co-head of L.E.K's global financial services practice.

FORTIS

The Dutch-Belgian financial services firm made a series of management changes, including the appointment of Karel De Boeck as chief executive.

De Boeck joined the Fortis executive committee in 2000. In October 2007, he was appointed vice chairman of ABN Amro Bank, overseeing the integration of the Dutch bank into Fortis.

The company also said it will announce the resignation of all the current board members and propose the election of Jan-Michiel Hessels, Philippe Bodson and Louis Cheung Chi Yan to the new board at the upcoming shareholder meetings in December.

LLOYDS TSB DEVELOPMENT CAPITAL

The private equity arm of the Lloyds TSB Group Plc (LLOY.L) appointed Daniel Sasaki as a director in its London office, with immediate effect. Prior, he was with Hemisphere Capital LLC.

SWEDBANK (SWEDa.ST)

Swedbank, Sweden's fourth-biggest bank by market value, appointed Michael Wolf as chief executive. Wolf will take up his new position by April 24, 2009 at the latest. Wolf, currently acting head of debt collection firm Intrum Justitia (IJ.ST), will replace Jan Liden. (Reporting by Aftab Ahmed in Bangalore and Jui Chakravorty in New York; editing by Jeffrey Benkoe, Bernard Orr)

 
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