Lehman Brothers promotes McGee

Lehman Brothers named Hugh "Skip" E. McGee '81 global head of investment banking. He succeeds Bradley H. Jack, who was named co-chief operating officer. Mr. McGee, a managing director, begins his newly established position immediately.

Previously, Mr. McGee was head of the firm's global natural resources and global power groups. He joined Lehman Brothers in 1992 and has been active in investment banking for more than 15 years.

In his new position, Mr. McGee is responsible for the division's global industry, product and geographic groups which provide strategic advisory and capital-raising services including M&A, equity and debt underwriting, and private placements.

Mr. McGee earned his B.S.E. in civil engineering and a J.D. from the University of Texas School of Law.

Lehman Brothers serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide.

For more information, visit the company's Web site at: www.lehman.com.

Alum named new general manager

Hoon Chung '80 was named General Manager of the automotive division at CCITRIAD, a provider of data services, management, and information systems.

Mr. Chung will be responsible for CCITRIAD's automotive business. He has more than 20 years experience in software and supply chain services.

Before joining CCITRIAD, he was president and chief executive officer of Eventra Inc., where he drove growth and development of their Internet-based supplier relationship management (SRM) software solutions.

Prior to Eventra, Mr. Chung was chief operating officer of Adexa Inc. He earned a bachelor's degree in civil engineering and a master's of business administration from the J.L. Kellogg Graduate School of Management at Northwestern University.

Data Domain up and running

Data Domain, an emerging data protection and storage company barely one year old, has secured $9.3 million in a Series A financing.

Kai Li, a professor of computer science, and Forest Baskett, a venture partner at New Enterprise Associates and a professor at Stanford University, founded the San Mateo, Calif.-based company in September 2001.

"There has not been a lot of innovation in the data backup and storage business for a long time," said Scott Sandell, general partner at one of the primary venture capital firms behind Data Domain. "We have a lot of confidence in Kai Li and the expertise he brings to this area."

In identifying a market opportunity, Data Domain executives and investors suggest that with the growth of data in today's business environment, companies are finding it increasingly expensive and time consuming to manage their storage and backup systems.

Lava Trading is new press darling

Lava Trading is getting a lot of press lately. The company was featured in the Dec. 4 issue of The Wall Street Journal and the Nov. 4 issue of Investment Dealers Digest.

Tigers (Princetonians, that is) hold the top management spots at Lava Trading.

Richard Korhammer '89 is cofounder and chief executive officer, Kamran Rafieyan '89 is cofounder and chief information officer, and James Paddon '88 is chief financial officer.

Lava is a speed demon when it comes to providing traders with direct access technology.

Lava provides users with a window into various trading venues, including electronic communications networks, exchanges, and alternative trading systems--all at an incredible speed.

Mr. Korhammer and Mr. Rafieyan were classmates in the Department of Electrical Engineering. Mr. Korhammer subsequently worked for Steve Jobs at NeXT Computers. They also both have worked as trading technology consultants for investment banks and financial services companies.

Mr. Paddon is an alumnus of the Woodrow Wilson School of Public and International Affairs.