“Caspian has never been in better shape to take advantage of market conditions in the whole of its history.” So said Caspian Securities’ founder, Christopher Heath, speaking to Euromoney in March of this year. Four months on and Caspian, the investment bank dedicated solely to emerging markets, is no more.
His interview with Euromoney (headline: Bolstered against the Asian storm?)was abruptly followed by his stepping down as chief executive of the firm – although there is no suggestion that the two were connected – with Anthony Walton taking the reins in what must be one of the shortest appointments of the veteran banker’s career.
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