Lehman Brothers has appointed Pankaj Vaish as managing director and head of equities and fixed-income liquid markets in India, in a move it said is testament to the bank’s commitment to the market.Vaish will be based in Mumbai and will report to India chief executive Tarun Jotwani and Asian head of equities and fixed-income Hyung Lee. “India is a market with great capital markets potential. Vaish’s leadership and broad expertise in financial products will be an invaluable asset as the firm grows