Mid-Size Ministering

Oct 5, 2003

Pedro Aspe, the former Mexican finance minister who resurrected the country's finances in the late 1980s, raises money for small- to medium-sized companies starved of capital.

Fresh from teaching a three-hour undergraduate finance class that had begun at 7:00 a.m. at Mexico's prestigious ITAM university, Pedro Aspe ducked into a car to be whisked off to meet with a client on the outskirts of Mexico City. The former finance minister keeps a rigorous schedule, squeezing in his academic obligations at the crack of dawn so he can keep up with his main job as a financier. The patrician Aspe served as finance minister under President Carlos Salinas between 1988 and 1994 and is still respected for his role in resurrecting Mexico's finances in the late 1980s. Aspe signed the world's first Brady deal in 1991, which cemented Mexico's economic resurgence and signaled the beginning of the end of the Latin American debt crisis. But for the last eight years, Aspe has run his own firm, Protego. The company does a bit of everything - private equity investments,...

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