• Author
  • Ex-Lehman Brothers Trader
  • Lecturer
Lawrence G. McDonald, Former Vice President of Lehman Brothers

Lawrence G. McDonald, Former Vice President of Lehman Brothers

At Lehman Brothers

From July 2004 through September 2008, Mr. McDonald was a Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers. He ran an extremely successful joint venture between the firm’s fixed income and equity divisions.

The Subprime Implosion

In early 2006, he was heralded by many for calling the subprime crisis and making over $46 million for the firm during its implosion. Lawrence was highly regarded as one of the most consistently profitable traders at Lehman with over $83 million in trading profits during his time with the firm.

Richard Fuld Ignored His Generals

More interestingly, he was an integral part of a faction within Lehman Brothers that passionatley tried in vein to stop the firm from heading down the road to destruction. Likewise, he also worked closely with Lehman’s credit derivatives team and saw first-hand the design and construction of what Warren Buffet termed as “Wall Street’s financial weapons of mass destruction.”

Before Lehman Brothers

Lawrence G. McDonald is also Co-Founder of Convertbond.com, a website coined by Forbes Magazine as “Best of the Web” from 2000-2003, and was noted there as the world wide web’s premier source for convertible securities information, valuation and news.

In October 1999, before the dot-com crash, the site was successfully sold to Morgan Stanley and remains the property of the firm.

2 Responses to “LAWRENCE”


  1. 1 Katherine Denerve April 28, 2009 at 4:00 pm

    Wow… are you really writing the tell-all book about Lehman Brothers? That should be great!

  2. 2 xaprio May 4, 2009 at 8:59 pm

    Thanks for your post on my blog 🙂 http://tinyurl.com/cy2ywv


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Follow Lawrence On Twitter!

  • @selling_theta @jtepper2 only 25% of the outstanding vega was taken off last week + the Washington policy risk next 60 days is HIGH 5 hours ago
  • RT @selling_theta: In the last 25 years the VIX has breached 60 only once. Yes, during the once in a generation 2008 financial crisis. htt… 6 hours ago

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