Lehman Brothers is set to relocate Tarun Jotwani, one of its most senior European bankers, to India to take charge of its investment banking business in the country.

According to Indian financial newspaper, The Economic Times, the US investment bank is understood to be planning to move Jotwani, Lehman's co-head of fixed income for Europe and Asia, to its Mumbai office. The move is part of a plan to strengthen its investment banking franchise while the country is recording strong economic growth.