Bart McDade
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| Bart McDade | |
| Occupation | COO and President |
|---|---|
| Employer | Lehman Brothers |
Bart McDade (Herbert H. McDade III) is the new COO and president at Lehman Brothers.
On June 12, 2008, Lehman chief operating officer Joseph M. Gregory and CFO Erin Callan were removed from their positions shortly after it was announced Lehman would post an unexpectedly large second-quarter loss of nearly $3 billion. Ian Lowitt, formerly chief administrative officer, was named the new CFO. Both Gregory and Callan would remain at the investment bank in other jobs.[1]
Background
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McDade used to run Lehman's corporate bond, fixed income and equity desks.[2]
Prior to his current position, he served as global head of the Equities division from June of 2005. McDade also served as global head of the Fixed Income division from 2002 to 2005 and as co-head of the Fixed Income division from 2000 to 2002. He is a member of Lehman Brothers' Executive Committee.
McDade joined the firm in 1983 in corporate bond trading. He was named head of the firm's corporate bond department in 1991. In 1998, he was named global head of Debt Capital Markets and a member of the Investment Banking division's group head committee. In 2000, in addition to being appointed co-head of the firm's Global Fixed Income division, McDade was named to the firm's Operating Committee.
Education
McDade received a BA from Duke University and an MBA from the University of Michigan.[3]
References
- ↑ Lehman Demotes CFO Callan, Names New COO. Reuters. Retrieved on June 12, 2008.
- ↑ Lehman Demotes Key Executives After Surprise Loss. Reuters. Retrieved on June 12, 2008.
- ↑ Senior Management. Lehman Brothers. Retrieved on June 12, 2008.
