Different ways to skin a cat
Bringing Panama's first sovereign followed by a Brady bond exchange was a triumph for BankBoston's key Latin dealmakers Ignacio Sosa and Stephen DeSalvo. But it's by no means their only joint enterprise.
Sosa, a Cuban exile who gained notoriety trading Latin debt in the aftermath of the region's 1980s debt crisis, and DeSalvo, whose formative banking experience was in inflation-ravaged Bolivia, go back a long way together. As raw recruits to BankBoston in the early 1980s, they attended the same training course and struck up an immediate friendship. So when a female friend of DeSalvo's then girlfriend (now his wife) expressed interest in dating a Latino, Sosa perfectly fitted the bill. A birthday party for the girl was organized with Sosa as the only guest and...
