Larry McDonald has joined Newedge's corporate credit sales desk as a senior director.

McDonald, who is based in New York, reports to David Blanquart, global head of fixed income-credit within Newedge's fixed income, currency and commodity business.  

The new hire will be servicing buy side clients on corporate bonds, particularly convertible bonds and high yield.

From July 2004 through September 2008, he served as vice president of distressed debt and convertible securities trading at Lehman Brothers.

He has also written a book on the fall of Lehman Brothers called A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers. Since publishing A Colossal Failure, McDonald has given more than 45 keynote speeches across the world as a speaker to banks, investment firms, law firms, insurance firms and universities.

Before Lehman, McDonald was co-founder and COO of Convertbond.com, a Web site on convertible securities information, valuation and news. In 1999, Convertbond.com was sold to Morgan Stanley and remains the property of the bank.

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