TwentyFour AM: How we launched the week Lehmans failed

LEHMANS SPECIAL

Mark Holman, a former Lehman Brothers executive director, launched fixed income boutique TwentyFour AM the same week his former employer went bankrupt.

The bank's collapse, in September 2008, was the start of a multi-year global financial crisis which is only now showing signs of recovery. Five years after these events, Holman tells Anna Fedorova how he managed a successful launch during "financial Armageddon", and why the group has had to adapt to the changing needs of fixed income investors. What were the challenges of launching as Lehman Brothers collapsed? We launched the same week as Lehmans went down. That was the day when financial Armageddon was a possibility. But there has also probably never been a greater need for advice t...