Argentine Gov. Appoints Levy-Yeyati to Board of BICE
New York, NY – Eduardo Levy-Yeyati - ACGM’s Chief Economic Advisor – has been appointed to the Board of Banco de Inversión y Comercio Exterior (BICE) as a Director by the Argentine Minister of Production – Francisco Cabrera. The Bank, which is wholly owned by the Argentine government, will be chaired by Pablo Garcia, a former official at the Inter-American Development Bank (IDB).
ACGM is fully supportive of this appointment and very pleased that Mr. Levy-Yeyati has been chosen for this important role. So that he can fully dedicate himself to the directorship and in order to avoid any conflicts of interest, Mr. Levy-Yeyati will with immediate effect take a leave of absence from his role as Chief Economic Advisor at ACGM. This leave of absence will last for the duration of his government service. ACGM’s CEO – Carlos Abadi – commented on the appointment:
“Although our firm will miss Eduardo’s valuable economic insights during his leave of absence, we are delighted by the contribution this appointment will enable him to make to the Argentine economy. As a firm, we strongly encourage public service and we are particularly excited that Eduardo will be able to support economic development during a period of renewed optimism surrounding the Argentine economy.”
BICE has a mandate to promote the growth, productivity and competitiveness of Argentine companies through investment and foreign trade. The Bank provides loans for investment in Argentine companies and provides financing for improvements in Argentine infrastructure. BICE also encourages Argentine companies to invest in their export capacity. Alongside supporting large-scale projects, the Bank is making a major push to support the development of Argentine SMEs, helping them to launch onto the world stage.
Mr. Levy-Yeyati has been ACGM’s Chief Economic Advisor since 2014, providing economic insights to the firm and its clients. He is a leading authority on emerging markets, particularly within the field of emerging markets banking and finance. Mr. Levy-Yeyati previously served as the Head of Emerging Markets Strategy and Head of Latin American Research at Barclays Capital. He has held numerous high profile policy and academic positions, including a term as Chief Economist at the Central Bank of Argentina and most recently as a Senior Fellow at The Brookings Institution. Mr. Levy-Yeyati has advised numerous governments, central banks, corporations, and NGOs on economics and strategy. For over 20 years Mr. Levy-Yeyati has been Professor of Economics and Finance at Universidad Torcuato Di Tella and is also currently a Professor at Universidad de Buenos Aires and Harvard´s Kennedy School of Government.
He will be joined on the BICE Board of Directors by Pablo Garcia, Carlos Pirovano, Anastasia Adem, Rafael Robles and Martin Ottonello.
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