Most people working in Latin American government treasuries and
central banks are middle-aged career bureaucrats or academics
with little actual market-based experience.
Adding an Edge to Peru
Mirko Stiglich, a young banker with skills honed in the international markets, has returned home to revive Peru's catatonic capital markets and help integrate the country into the world's financial system.
Mirko Stiglich, Peru's new debt adviser, is just the
opposite. He is young - just 30 years old - and has spent all
of his short career in the private sector.
Drafted into public service by Finance Minister Pedro-Pablo
Kuczynski, Stiglich has grand plans to inject Peru into the
world's financial system and start laying the foundations for a
local capital market. Stiglich is starting just about from
scratch. Peru has no local currency fixed income market to
speak of and the government has not issued an international
bond for more than 70 years.
Indeed, with big issuers like Argentina and Brazil out of
the market and Mexico no longer borrowing substantially, Wall
Street is hungrily eyeing second-tier countries like Peru. In
normal circumstances, investment bankers would...
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