Lawrence joined Raymond James & Associates in December 2005 as Vice President, Senior Desk Analyst focusing primarily on Structured Fixed Income Products. Lawrence provides research, valuation and development support to the U.S. and European trading desks and institutional sales force for a variety of product types including RMBS, CDO/CLO, CMBS and ABS. Prior to joining Raymond James, Lawrence served as Managing Director of Transitional Credit Research for Legg Mason and more recently Fixed Income Strategist concentrating on CDO investments. In these roles, Lawrence provided analytical and valuation services covering a broad array of fixed income and capital markets securities representing the “transitional” credit market, which includes the high yield, crossover, and distressed securities markets as well as structured products such as CDOs and CTLs.
Prior to Legg Mason, Lawrence worked in the security brokerage industry as a fixed income analyst with specialties in high yield, distressed and special situation securities at First Albany Corporation (1991-1997, 1999-2002) and Scotia Capital Markets (1997-1999). Lawrence’s professional career began in the finance department at Westinghouse Electric Corporation in 1981 and progressed into the organization’s investment subsidiary. During his five-year tenure at this subsidiary Lawrence held a variety of investment positions in both equity and fixed income securities including Portfolio Manager.