  This paper constructs a class of martingale transforms based on L\'evy
processes on Lie groups. From these, a natural class of bounded linear
operators on the $L^p$-spaces of the group (with respect to Haar measure) for
$1<p<\infty$, are derived. On compact groups these operators yield Fourier
multipliers (in the Peter-Weyl sense) which include the second order Riesz
transforms, imaginary powers of the Laplacian, and new classes of multipliers
obtained by taking the L\'evy process to have conjugate invariant laws.
Multipliers associated to subordination of the Brownian motion on the group are
special cases of this last class. These results extend (and the proofs
simplify) those obtained in \cite{BanBieBog, BanBog} for the case of $\bR^n$.
An important feature of this work is the optimal nature of the $L^p$ bounds.
