Lars Toomre is BRC’s lead geek. He has had many pratfalls (and some experience) as he has focused his professional career on uniquely adding value to financial firms and their business units. Lars organizes and helps teams to optimize Economic Value Added ("EVA") and serves as a trusted advisor for issues that involve financial data, analytics, valuations, risk and technology.
At major financial firms including Lehman Brothers, MetLife, UBS, Citigroup and Munich Re, Lars focused on assessing, modeling, analyzing, pricing, underwriting, transacting in and managing risk, often involving new and/or challenging financial risks, like Collateralized Mortgage Obligations (CMOs) and weather condition derivatives.
In his senior roles at those major institutions, Lars gained the crucial experience needed to manage books of risk on both assets and liabilities side of balance sheet, and to manage the liquidity risk of such arcane and complex investments.
Lars' specific areas of expertise include computational finance, complex financial engineering models, mortgage and asset-backed securities, reinsurance, risk securitization and other complex transactions, including transformations between multi-class securities, derivatives and/or contracts of insurance.
Lars’s more recent focus has keenly targeted the 2008 meltdown event and how to prevent it from ever coming close to reality again. He is passionate about his legacy not being lumped in with that of the Lehman Brothers traders. Software standards are a big win for increasing transparency, reducing complexity, and generally reducing systemic risk overall.
Lars is yet another of the Brass Rats. He graduated from Massachusetts Institute of Technology ("MIT") with a Bachelors of Science in Mechanical Engineering and a minor in Economics.