As one of the key things he did, he brought in outside advisors such as William Lawton, a noted fixed income and currency expert who was a Senior Vice President in charge of global fixed income at Trust Company of the West, a well known international asset management company headquartered in Los Angeles.
To fast track the asset management business he hired William Lawton as CEO of the new asset management company.
The first known swaption was constructed and executed by William Lawton in 1983.
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