Ian Lowitt, the last chief financial officer of Lehman Brothers, has joined the London financial firm Marex Spectron.
Mr. Lowitt, 48, will become that firm’s chief financial officer and also act as head of global strategy, according to a release from the company. Unlike Lehman, Marex is not a household name. The company is privately owned and its Web site says it is “the world’s largest privately owned broker of financial products in the commodities sector and a leader in brokering physical energy products.”
The firm was acquired in 2010 by a private equity firm started by Jeremy Isaacs, who had been Lehman’s chief executive for Europe, the Middle East and Asia-Pacific, according to The Financial Times.
Mr. Lowitt was most recently the chief operating officer for the Barclays wealth management unit in the United States. He left in April. Barclays bought some of the assets of Lehman after the Wall Street firm filed for bankruptcy in September 2008, and Mr. Lowitt landed at Barclays.