Another Man's Treasure

Another Man's Treasure


Getting bigger all the time.For Jorge Brito, president of Banco Macro, the last five years have been like riding a meteor. After his country's economy crumbled, Brito boosted Macro's assets by eight times to $3.87 billion and increased the number of branches under his control from 73 to 438. Sitting with his arms folded in a room full of photographs chronicling personal achievements – like the day Macro listed on the New York Stock Exchange – Brito says his firm figures its main competitor is Argentina's state-owned Banco de la Nación. Had Brito, 53, been asked about his closest competitor in 1999, he hardly would have pointed to Banco de la Nación, which with

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial