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Needham & Company appoints new chairman

Needham & Company, a privately held investment bank, has appointed Andrew Malik as chairman and a member of the executive committee of Needham Group.

Mr Malik spent 21 years at Lehman Brothers, where he was a partner and subsequently a managing director. Prior to Lehman Brothers, Mr Malik ran capital markets and institutional sales for CE Unterberg, Towbin from 1971 to 1987.

George Needham, chairman and CEO of Needham Group, said: We are delighted to welcome Andy to Needham. I expect that Andy’s extraordinary experience with growth stocks and major institutional investors will make immediate and substantial contributions to Needham & Company’s business.