Luis Caputo announced one of the leaders who will form his work team at the Ministry of Economy.
The permanent demands of Javier Milei to the Argentine economy of the ’90s It is beginning to materialize, at least, in the appointments. This is how, after the departure of figures referenced in Menemism such as Emilio Ocampo or Carlos Rodríguez, this Thursday the appointment of Joaquin Cottaniwho will be part of the Ministry of Economy headed by Luis Caputo.
The former finance minister of Mauricio Macri and future head of the Economy portfolio was in charge of making the appointment official. “Welcome Joaquin Cottani to the team! Excellent economist, great person, and one of the silent architects of the best moments of the 90s“, wrote “Toto” Caputo on his social networks, in reference to the years in which Cottani held the position of Undersecretary of Financing since 1991, during the economic management of Domingo Cavallo.
But, Who is Joaquín Cottani? Formed in Economy in the National University of Cordobacontinued his studies at the Yale University, where he obtained a master’s degree, a doctorate and a postdoctoral degree. His vast academic career and a request from Cavallo himself caused him to cottani move to the USAwhere he has lived since 1997, when he became a representative of the Argentine government as a technical assistant in finance.
His subsequent work experience had a strong financial imprint. He worked in Lehman Brothers, Citi Bankhe world Bank and was head for Latin America of S&P Global Ratings. He also served as a leading member of LatAm Credit and was director of LEGC Corporationa global firm that advises on financial economics, international trade and macroeconomics. In recent years, he continued to be involved in financial consulting and teaching Economics at the Boston University.
He continued to be linked to the Argentine economy through publications in specialized media, which intensified during the pandemic, even being congratulated and recommended by himself Sunday Cavallo on their social networks. Precisely in 2020, he referred in an interview to La Nación about the renegotiation of the national debt: “Default is not in the interest of the creditors, but neither is it in the interest of the Government to kick the board and insist on a situation of what they want or nothing”.
Who is Luis Caputo, the financier who agreed to be Milei’s Minister of Economy
The “Messi of Finance”as Macri described it, was one of the creators of the loan with the IMF and the conditions that led to the default in pesos in 2019. He was also the promoter of the 100-year bond that was placed during the former president’s administration.
Cardinal Newman, just like the former president. He has a degree in Economics from the University of Buenos Aires and a professor of Economics and Finance in the Postgraduate Program at the Argentine Catholic University. He is a first cousin of Nicolas Caputoconstruction businessman and “soul brother” of Mauricio Macri.
In his carrer, He served as head of Trading for Latin America at JP Morgan between 1994 and 1998, and from Eastern Europe and Latin America in the Deutsche Bank between 1998 and 2003. He was president of Deutsche Bank in Argentina until 2008, when he created Axis, a Common Investment Fund company. Through that company he bought dollars in the future and is pursuing a legal complaint in which he is accused of having benefited from the devaluation of the dollar. From the Ministry of Finance, he signed a debt for more than 4.2 billion dollars “for transportation infrastructure.”
In 2018, the Paradise Papers investigation, by the International Consortium of Investigative Journalists (ICIJ), where it was revealed that Caputo had ties to offshore investment funds in the Cayman Islands, Delaware and Miami. The international investigation also showed how the minister hid by assuming as an official that he was a shareholder in offshore companies created to manage hundreds of millions of dollars in tax havens.
Source: Ambito
