Jack Malvey, Bond Market Expert Who Worked at Lehman, Dies at 72 [BNN Bloomberg (Canada)]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: BNN Bloomberg
He died on April 11 after an extended illness, according to a death notice on the website of the Hugh M. Moriarty Funeral Home in Montclair, New Jersey. Malvey was the chief global fixed-income strategist at Lehman Brothers and managed the team that ran the firm's bond indexes, which became benchmarks that guided bond investors of all types. Those gauges became the Barclays Capital Bond Indices and, ultimately, the Bloomberg indexes. He was at Lehman from 1992 to 2008, when, facing bankruptcy due to the global financial crisis, the firm sold its investment banking business to Barclays Plc. He stayed at Barclays for just a few months. Mark Howard, a managing director at BNP Paribas who worked with Malvey at both Lehman and Barclays, said he watched Malvey bring the Lehman indexes from a “backwater thing in the IT department” to guideposts for the wider industry. “I owe a lot of my good fortune in the business to a trail that Jack blazed,” Howard said in an interview. “He had a
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