EMERGING-MARKET FINANCE has more than its fair share of polarizing personalities. Some people, such as former Mexican finance minister Angel Gurria, are universally admired. Others, including Carnegie Mellon economics professor and former CSFB banker Adam Lerrick, are seen as highly divisive.
So eyebrows were raised last month when Lerrick and Gurria announced that they had gone into business together, setting up a for-profit negotiating team designed to represent European holders of defaulted Argentine debt.
The two are not natural bedfellows: Gurria admits that “when we first met to discuss these problems, we were looking at them from relatively different points of view”.
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