J.P. Morgan executed the first voluntary emerging markets debt exchange
Nick Rohatyn · Nick Rohatyn – Emerging Markets Multi-Asset Investing at TRG (EP.482) · Jan 22, 2026 · at 11:31
Nick Rohatyn, founder of The Rohatyn Group, discusses the origins of modern emerging markets finance during his early tenure at J.P. Morgan.
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“Morgan did the first voluntary loan for debt exchange in emerging markets.”
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