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Remember Cresvale, the one-time high-flier in Japanese convertible bonds and equity warrants? Cresvale was as much of a 1980s success story as Baring Securities. Both companies made huge profits on the back of the Tokyo stock market boom. Baring Securities survives thanks to Dutch courage and sympathy. Cresvale lies somewhere on the Euromarket Boot Hill in a shallow grave.

Robert Kuok's conglomerate empire was built on political astuteness, an Asia-wide network of contacts and a willingness to take risks. Its 73-year-old presiding genius is inclined to keep a low profile and operate as if he was still heading a private company. Funding needs and a reshaping of the business with succession in mind have, however, forced greater dependence on public equity. Jonathan Kandell reports.

The key figure in China's financial reform process is Zhu Rongji, vice-premier in charge of the economy and a 68-year-old often described in western media as China's economic tsar. Though keeping a somewhat lower profile over the past year, his role as overseer of the financial reforms thus far implemented has been crucial.

Two years ago in the wake of the Mexican peso crisis, Latin American issuers were unable to raise even short-term debt. Now a Chilean credit has launched the continent's first 100-year bond obtaining the tightest pricing for an emerging market issuer in this niche area. Strong demand for the bonds of electricity generator Endesa pushed up the size of last month's issue from $170 million to $200 million.

Meet Europe's biggest investor: Diethart Breipoh, Allianz

Emerging market strategists looking at making a New Year foray into Chilean stocks would be best advised to adopt a strategy of "Buy into heavy rain" and "Sell on prolonged sunshine". In a new twist on the term "market barometer", the Chilean market is being dragged down by the weather, as the country endures one of its worst droughts this century.

How did Crédit Local de France and Crédit Communal de Belgique come to chose the name Dexia from over 100 suggestions, for their newly-merged banking group? "The name has been imagined by Bessis, which specializes in name conceptions," explains a spokesman at Crédit Communal de Belgique/ Dexia.

The temptation of St David

Poll of Polls: The rise of DMG

After helping to put NatWest Markets on the map in his native Australia, Peter Hall was planning in 1994 on retiring from the investment banking business. Then 45 years old, he intended to devote his time to other interests, including Buddhism, which he defines as the "science of mind and consciousness". Although unable to take the week-long silent retreats that the study of Buddhism requires, he believes understanding its tenets have helped him a great deal. Far from the ego-driven mentality that seems to drive most investment bankers, Buddhism calls for a type of detachment. "It's about having a calm and receptive state of mind," explains Hall, who says he meditates for an hour a day.

Who is going to end up in control of Russia's leading industrial companies when the period of restructuring that has followed privatization finally draws to a close? More evidence emerged in December that it's likely to be the 46 financial-industrial groups (Figs) that have sprung up over the past three years. Last month two of them, Most Bank and Alfa Bank, came forward as the leading contenders for a large stake in a new holding company that will control the telephone sector. The Figs already link together over 60 banks and 20 other major financial institutions as well as 650 industrial giants including Norilsk Nickel, the world's largest nickel producer, and oil company Yukos.