Following its emergence from bankruptcy in March, Lehman Brothers Holdings has named Matthew Cantor, a prominent bankruptcy attorney and investment manager, as executive vice president of legal affairs and chief general counsel.

The details of Lehman's collapse into bankruptcy in September 2008, triggering the financial crisis, were finally exposed for all to see in a 2,200-page report released in March 2010.

In this newly-created role, Cantor will head the legal department, coordinate the company's legal functions and oversee all litigation matters, bringing his proactive and strategic approach to the many complex legal matters in which the company is involved.

Cantor has been a partner at the law firms of Weil, Gotshal & Manges and Kirkland & Ellis. Most recently, he was a founding principal of Normandy Hill Capital, an investment manager focusing on distressed, event-driven credit and special situations.

Ken Grossman, an accomplished veteran investor in troubled and distressed credit products and special situations, will assume Cantor's place as a director on the board of Lehman Brothers Special Finance. Grossman previously served as president and a director of Signature Group Holdings, and as a managing director at Ramius, an $11 billion multi-strategy fund.

“The LBHI board has been very clear in its objective to obtain the best results possible for creditors, negotiating settlements when possible and vigorously pursuing litigation when justified and necessary,” said Cantor. “The broad scope and complex nature of the pending legal issues present a compelling opportunity.”