Bausili was officially announced this Wednesday along with the appointment of other officials through an official statement from the Office of the President-Elect on platform Messrs. Daniel Tillard and Darío Wasserman will be president and vice president, respectively, of Banco Nación Argentina. “Santiago Bausili will be president of the Central Bank of the Argentine Republic (BCRA).”
The official designated to command the Central Bank has a clear task: to continue, from a monetary perspective, the fiscal policy carried out by Luis Caputo in the Ministry of Economy to lower inflation. In addition, he will seek to obtain dollars to face a potential exit from remunerated liabilities towards currencies and thus face payments of US $ 6,000 million in the first quarter.
Who is Santiago Bausili, the new director of the BCRA
Bausili is 49 years old, he is received from the University of Saint Andrew during the 90s and attended the Cardinal Newman Collegean institution that also has Mauricio Macri already Luis “Toto” Caputo as alumni. Some time later, he would begin a 20-year path in the private sector with specialization in capital market financing and financial risk management.
He served as vice president in charge of Capital and Derivatives Markets for Argentina, Chile and Peru in it JPMorgan between 1996 and 2007, a bank where Caputo also worked between 1994 and 1998.
Then he entered the Deutsche Bank where he worked for 9 years and served as director in charge of debt management for Argentina, Chile, Colombia, Peru, Paraguay and Uruguay. Since 2013, he has carried out tasks related to investment banking in Argentina.
Bausili also has political-economic experience: he was Undersecretary of Financing in 2016 and responded to his partner and then Secretary of Finance, Luis Caputo. In January 2017, the now libertarian leader replaced Caputo in the Secretariat until the end of Macrista’s mandate, after the separation of functions of the Ministry of Economy between the Treasury and Finance portfolios.
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Santiago Bausili.
The revoked prosecution of Santiago Bausili, future president of the Central Bank
The Federal Chamber, through the resolutions of judges Martín Irurzun and Eduardo Farah – with the dissent of Roberto Boico – revoked the prosecution of Santiago Bausili, partner of the future Minister of Economy Luis Caputo and next director of the Central Bank of the Argentine Republic. Bausili was defended by criminal lawyer Matías Cúneo Libarona, brother and part of the firm of Mariano Cúneo Liberaona, future Minister of Justice of Javier Milei.
Precisely his years in Deutsche Bank They are the ones that caused him to be prosecuted in 2021 by the federal judge Sebastian Casanello under the cover “negotiations incompatible with the exercise of public office”. Bausilisduring his management as finance secretaryhired the services of Deutsche Bank as placement manager external debt bondscausing compensation for 8.4 million dollars. At the same time, an embargo was ordered for $10 million to Bausilis.
That ruling was overturned by the judges Martín Irurzun and Eduardo Farahwho understood that there were not sufficient elements to dictate a prosecution and requested Casanello continue the investigation. In 2023, the federal judge relied on reports from the Office of Administrative Investigations (PIA) to return to prosecute Santiago Bausili.
Source: Ambito
