On September 17, 2015, LatinFinance marked its return to Argentina with the revival of its “Cumbre Financiera Argentina” at the Sheraton Hotel and Convention Center in the City of Buenos Aires. Taking place just one short month before the country’s much anticipated presidential elections – widely believed to usher in long overdue economic reform, regardless of the victor – the Cumbre united leaders of every faction of Argentina’s capital markets as it traversed the promise and the challenge of a post Kirchner Argentina. In an atmosphere of almost palpable optimism, over 350 local and international issuers, investors, lawyers and financial professionals gathered for a day’s worth of lively discussion, debate and networking as a new chapter in Argentine history restlessly waits to be written.
Christopher Garnett, President of LatinFinance, opened the Forum heralding Argentina’s vast potential in industry, resources and services – all latent, underleveraged, and ripe for growth. The focus then turned to a live, first of its kind debate between the top economic advisors of all three presidential candidates, each mapping out their respective strategies for resolving a long-standing dispute with New York hedge funds and thus, bringing the country out of its technical default and into the financial mainstream. Quickly afterwards came discussion between the country’s most active issuers in foreign debt and equity markets, such as the Province of Buenos Aires and tech giant Globant, on how to successfully design and implement cross-border funding strategies, despite the default. Immediately afterwards, large local corporates like IRSA and Grupo Los Grobo, together with regional investment powerhouse PineBridge LatAm, explored Argentina’s most attractive sectors for FDI, including real-estate, utilities, agribusiness, forestry and others.
The morning also witnessed a special live interview between LatinFinance President Christopher Garnett and Argentine champion Miguel Galuccio, CEO of state energy giant YPF. The two dove deep into the company’s long term strategy for developing La Vaca Muerta – among the largest shale gas reserves in the world – and its plans to raise the capital and the technology it will need for this $200 billion initiative. Later in the day featured a broader look at the energy sector, where, among others, President of Shell Argentina Teófilo Lacroze outlined ambitious investment goals for the coming year.
The afternoon kicked off with a crossfire between the leaders of some of the largest local banks including Gustavo Marangoni, President at Banco Provincia de Buenos Aires and Rogelio Frigerio, President of Banco Ciudad de Buenos Aires on the post-election outlook for that sector. Soon after, Claudio Peres Moore, president of the leading local stock index MERVAL, announced new initiatives to broaden options for local market liquidity, while the lead investment director at ANSES, the largest fund in the country, spoke on innovative and attractive instruments available in local markets.
The day ended with a roundtable discussion between global investors who set out to define the risk/return profile of the country as interest mounts in its diverse asset base. Javier Montero, Partner and Portfolio Manager at Moneda Asset Management, noted “the political change is what I am most optimistic about”, while Pablo Federico, Portfolio Manager of Emerging Markets Multiasset at BlackRock, touched on “the will” to make the country’s prohibitive investment regulations scheme less complicated.
Videos of the panel discussions and exclusive online interviews will be available to watch very soon.
LatinFinance would like to thank all our sponsors, speakers and delegates, without whom the event would not be possible. We look forward to re-convening again next year and welcoming you all there.
For sponsorship rates and opportunities, please contact Teresa Aguilar at firstname.lastname@example.org or +1 212 224 3051