Mr. McDonald is currently Managing Director, head of the US Macro Strategies group at Société Générale, based in New York City.
At the height of the 2008 financial crisis, Mr. Lawrence McDonald wrote a book on the fall of Lehman Brothers, “A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers.” In his book, Larry details his experience working as Vice President at Lehman Brothers in New York and provides a behind-the-scenes look on why one of the most prominent investment banks failed. The book is a risk manager’s guide to the right and wrong moves, and explains why investors must stay ahead of policies from Washington, D.C and Europe. Published in 2009 by Random House, “A Colossal Failure” hit the New York Times Best Seller’s list upon release, and is now one of the top bestselling business books in the world. Colossal Failure has been translated into 12 different languages.
Additionally, Mr. McDonald has participated in four major financial crisis documentaries: BBC‘s The Love of Money, CBC‘s House of Cards, National Geographic’s Decade of the 2000’s, and Sony Pictures’ Academy Award winning documentary Inside Job.
Larry is also a European & Washington policy risk analyzer. He is a frequent guest contributor at CNBC and is a highly regarded policy risk consultant to hedge funds, family offices, asset managers and high net worth investors. His 17 Lehman risk indicators help investors get in front of painful risk off trades in the global markets. Notably is Larry’s involvement as a special advisor to the Financial Crisis Inquiry Commission (FCIC), created by Congress in 2009 to investigate domestic and global causes of the economic and financial crisis in the United States.