Victor Segal, Singer and Friedlander As international director at the London investment bank Singer and Friedlander, Victor Segal was one of the pioneers of the LDC debt trading market in the 1980s. From his office in the heart of London’s “City” financial district, Segal traced the evolution of that market into the […]
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In their own words. (William Rhodes)
William Rhodes, Citibank Citibank’s William Rhodes was a central figure in the resolution of Latin America’s debt crisis throughout the 1980s. His determination, tenacity, familiarity with the region and sheer refusal to take no for an answer are all characteristics that his contemporaries cite as key traits which allowed him to bring […]
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In their own words. (Winston Fritsch)
Winston Fritsch, Dresdner Kleinwort BensonAs Economic Policy Secretary for then-Finance Minister Fernando Henrique Cardoso, Winston Fritsch helped direct the creation and implementation of the Real Plan. Currently head of Dresdner Kleinwort Benson do Brasil, he is now engaged in trying to capitalize on the changes in the investment banking environment which the […]
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In their own words. (Winthrop Smith)
Winthrop Smith, Merrill Lynch Win Smith is chairman of Merrill Lynch International and executive vice president of the international private client group. His earliest recollections of Latin America are from 1956, when he sailed into Rio as a seven-year-old on the S.S. Rio on the old Cunard lines, during a trip with […]
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February 1998
Bond trading volumes and issuance collapse following the
Russian default of August 1998. Long Term Capital Management fails, wiping out leveraged investors in the emerging markets.
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Archive, 1998: The Debt Roulette
Asia’s crisis shocked investors and drove liquidity out of the market and volatility through the roof. Will Latin American debtors be able to refinance or repay their maturing obligations in 1998?
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The Debt Roulette pt2
Faced with $170 million in debt coming due in 1998, Guillermo Gotelli, the straight-shooting president of Argentine athletic footwear company Alpargatas, had a cold realization: because the extreme turmoil in Asian markets was likely to keep international volatility high and liquidity low well into into the year, unusual measures would have to be taken if his company were to cover its debts. In short, extraordinary conditions required extraordinary actions
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Archive, 1997: Hungry No More
CEI Citicorp Holdings’ Handley still hooking hard in tough scrums
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Hungry No More pt2
CEI Citicorp Holdings’ Handley still hooking hard in tough scrums
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A revived economy is still a long way ahead, despite renewed optimism among Colombians,
There really isn’t much difference between the Colombia of Ernesto Samper’s government and the Colombia of Andres Pastrana’s government-except, of course, for credibility and hope.It seems, at least, that hope inspired six million voters to give Andres Pastrana a clear mandate to lead. Hope has been at the center of serious attempts for a peace […]