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Solid performers that buck the trend

Showing the new face of Asia

Blue chips of the future

When three vulture funds voted down a settlement relating to bonds issued by failed bank Baring Brothers, it emerged that among their advisers was Wilbur Ross, senior managing director at Rothschild in New York.

As the markets began to crumble around Wall Street executives in late August, former Salomon Brothers chairman and chief executive officer Deryck Maughan was in a good mood. "He seemed tickled pink that he had sold the firm a year earlier," says David Berry, an analyst at Keefe Bruyette & Woods, recalling a conversation with Maughan.

What's the best way to promote an issue? Yesterday's world-touring roadshow is too slow and cumbersome in today's volatile markets. Latin borrowers are meeting investors one on one or holding non-deal roadshows to get the message out. They launch the deal when conditions are right. This and other features of the new capital-markets environment - reopenings, reverse enquiry, speedy execution - could be more than just a passing fad. Brian Caplen reports

Time to build a banking empire

Making a career in Brazilian equities in the City of London might seem a job for an inward-looking intellectual who likes reading and doesn't mind waiting for the telephone to ring. But Stephen Rose, a quintessential Englishman, is quite the opposite - he is outgoing, gregarious and more likely to be ringing you. These qualities enabled him to build his brokerage, Stephen Rose & Partners, to the point where it attracted interest from Brazil's third-largest private bank, Unibanco, which bought the business two years ago.

Mohamed Taymour was in the top 0.1% of high-school students in Egypt the year he graduated. At the time, engineering was the fashionable next step up the educational ladder. So to please his father and gain useful mathematical skills Taymour opted to study industrial engineering instead of of commerce, already his true love.

Solid performers that buck the trend

Mindful of the nervousness of international markets the Brazilian central bank pulled out all the stops to ensure that the collapse of Banco Pontual was a controlled affair.

Showing the new face of Asia