Luis Caputo

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Luis Andrés Caputo
Luis Caputo (cropped).jpg
President of the Central Bank of Argentina
In commission[1]
Assumed office
14 June 2018
Preceded by Federico Sturzenegger
Minister of Public Finances
In office
10 January 2017 – 14 June 2018 [2]
President Mauricio Macri
Preceded by Alfonso Prat-Gay
Personal details
Born (1965-04-21) 21 April 1965 (age 53)
Buenos Aires, Argentina
Political party Republican Proposal
Other political
affiliations
Cambiemos (2015–present)
Alma mater University of Buenos Aires

Luis Andrés Caputo (born 21 April 1965) is an Argentine economist, named at the end of 2016 as Minister of Public Finances of Argentina of the government of President Mauricio Macri[3] and presently president of the Central Bank.

Early life and education

He completed his primary and secondary studies at the catholic and bilingual Cardinal Newman College in San Isidro, Buenos Aires.[4] He graduated with a degree in Economics from the University of Buenos Aires. He has been Professor of Economics and Finance in the Postgraduate course of the Pontifical Catholic University of Argentina. His cousin, Nicolás Caputo, is a construction industry entrepreneur close to Mauricio Macri.[5]

He has served as chief of trading for Latin America at JP Morgan between 1994 and 1998 and the same position for Eastern Europe and Latin America at Deutsche Bank between 1998 and 2003. From that year until 2008 he was president of the Argentine branch of Said bank. He has also been director of an electric distribution company and an administrator of common funds of investment created by him.

Politics

In December 2015 Caputo assumed the position of Secretary of Finances of the Macri government. During his tenure he played a key role in the negotiation with the hedge funds, where Argentina agreed to pay 9.352 million US dollars, thus reopening the country's debt cycle.[5][4] With a declared equity of 55.75 million pesos, he is currently the second richest national government member.

On December 26, 2016, after the dismissal of Alfonso Prat-Gay by President Macri, the division of the Ministry of Finance and Public Finance was announced in two, with Caputo being appointed Minister of Public Finance from January 2017 to June 2018, when he assumed the presidence of the Central Bank.[6]

Paradise Papers

On 5 November 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that Caputo have managed at least two offshore wealth funds.[7]

Neither firm, the Cayman Islands–based Alto Global Fund, nor its Miami-based parent company Noctua Partners LLC, were listed in Caputo's financial disclosure statement, a statement that all public officials and candidates for office are required to make.[7]

Caputo is a first cousin of local industrialist and construction tycoon Nicolás Caputo, best friend of Argentine President Mauricio Macri. He told Argentine members of the ICIJ team that "it was an investment fund for friends and family."[7]

The funds, opened in 2009 and with over $100 million under management, remained under Caputo's management until December 2015, when Macri named him Finance Secretary, a post upgraded to Finance Minister this January.[7]

Other activities

References

  1. ^ Until approval of the Senate
  2. ^ Argentina's finance minister named head of central bank
  3. ^ "Le pidieron la renuncia a Alfonso Prat-Gay: dividen el ministerio y asumen Nicolás Dujovne y Luis Caputo". Clarín. December 26, 2016. 
  4. ^ a b https://www.pagina12.com.ar/10858-luis-caputo-el-millonario-amigo-de-los-buitres
  5. ^ a b http://www.clarin.com/politica/Luis-Caputo-hombre-arreglo-buitres_0_1712228830.html
  6. ^ http://www.minutouno.com/notas/1529041-dujovne-renuncio-al-senado-y-cerro-su-consultora
  7. ^ a b c d "Paradise Papers salpicó al Gobierno de Macri: el ministro Luis Caputo manejó inversiones en Islas Caimán". Peril. 5 November 2017. 
  8. ^ Board of Governors Central American Bank for Economic Integration (CABEI).
  9. ^ Board of Governors Multilateral Investment Guarantee Agency (MIGA), World Bank Group.

External links

  • Nicolás Dujovne: conductor de TN, columnista de La Nación y asesor de Cambiemos en la campaña
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