January 15, 2016 |
Mauricio Macri became Argentina’s president in December, replacing Cristina Fernández de Kirchner who held the position for eight years. Macri named Alfonso Prat-Gay as finance minister, replacing Axel Kicillof. Federico Sturzenegger replaced Alejandro Vanoli as president of the central bank, while Luis Caputo replaced Adrian Cosentino as secretary of finance.
Meanwhile in Brazil, Nelson Barbosa replaced Joaquim Levy as finance minister, while private sector moves continued. BTG Pactual founding partner and board director Pérsio Arida took over as BTG’s chairman following the arrest and resignation of chief executive André Esteves in connection with the Lava Jato corruption scandal. Roberto
Argentina’s incoming president has been restocking his administration, while fallout from Brazil’s corruption scandal continues to impact the country’s largest firms