Steve Burnham & Malcom Stevenson, Managing directors, Herzog, Heine, Geduld International, London

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.

Don’t shed a tear for two of Cresvale’s original founders, Steve Burnham and Malcolm Stevenson. Their shareholdings in Cresvale brought multi-million fortunes, an enviable lifestyle and lots of fun around the world.