When Chase Manhattan Corp. agreed last month to buy Robert Fleming Holdings Ltd., the U.S. banking company flew a team of senior executives to London to celebrate.

Brian O'Neill, chairman of Chase's Latin American operations, was not one of the group. Instead he immediately set off in another direction, flying southward to meet the Latin specialists staffing Fleming offices in Mexico City, Lima, Rio de Janeiro, and Bogota. Fleming has 150 or so of these specialists, including some in New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.