Latin Finance - November/December 2011 - 4

People

IB Shuffles
Javier Vargas and Pedro Jorge Villarreal have been appointed as Credit Suisse’s new co-heads of investment banking for Latin America, ex-Brazil, now that Pedro Chomnalez has stepped down from that position to lead the bank’s Emerging Markets Council. Both Vargas and Villarreal report to Chomnalez, who keeps his title as chairman of Latin America, while Allan Libman continues to head investment banking in Brazil. Vargas was head of IB in the Andean, Central American and Caribbean regions, a position he held for the last four years. Villarreal was responsible for client coverage in Mexico and had been head of IB in that country since 2006. At Bradesco, veteran banker Norberto Barbedo has left the institution, where he was overseeing the BBI investment banking operation, private banking, corporate banking and other sectors. He is leaving for personal reasons. His responsibilities for overseeing BBI will go to fellow executive team member Sérgio Clemente. BTG Pactual has hired exBarclays banker Roger Jenkins as a managing partner, where he will serve on the Brazilian bank’s global management and investment committees, with responsibilities focused on identifying opportunities for investment and raising money. Jenkins is well known for securing £7.3 billion for Barclays from Middle East investors to help recapitalize the bank during the credit crisis. Former BTG Pactual partners Evandro Pereira and Pedro Guimarães have joined Brazilian asset management firm Plural Capital, in a move seen as an attempt to carve out a niche in investment banking. This comes after Plural agreed to buy competitor Banco Modal for an estimated 130 million reias.($77.7 million). Pereira and Guimarães are reunited with Rodolfo Riechert and Andre Schwartz, who founded Plural in 2009 after they left BTG. Guimarães, a FIG investment banking specialist, and Pereira, an ECM specialist, left BTG last year. Marcelo Marangon has joined Itaú’s investment banking division, to manage its corporate client group. Marangon was previously head of Brazilian global banking at HSBC, a position he held since 2008. The Brazilian investment bank has also hired Solange Vieira, the former president of Brazil’s civil aviation authority, to head project finance.

company since January. Downey held the position since 2009 after joining from Credit Suisse’s metals research group, and is resigning for personal reasons. Guido Germani becomes CFO of the Brazilian miner. Suzano Papel e Celulose has named Alberto Monteiro de Queiroz Netto as CFO and IR director. He replaces Bernardo Szpigel, who after 16 years at Suzano steps down from the role, but will stay on as a part-time consultant on financial matters. Queiroz Netto joins from steelmaker CSN, where he was named CFO only in July to replace Paulo Pinto Marques. He was at Banco do Brasil prior to working at CSN, which was in October selecting a replacement. Minera Frisco, the Mexican mining company controlled by Carlos Slim, named Alejandro Aboumrad as CEO. He replaces Justo Wong, who resigns for personal reasons. Aboumrad remains also in his previous position as CEO at Slim’s infrastructure company Ideal. Frisco was spun o in January from the Grupo Carso holdco. Chilean water utility Esval has named Rodrigo Azócar as CEO beginning Monday. He replaces Francisco Ottone, who was CEO on an interim basis following the departure of Gustavo Gonzalez in January. Azócar left as CEO of oil producer ENAP in July, where he had been for two years, and was replaced by Ricardo Cruzat. Eduardo Teixeira has stepped down as CFO of Brazilian oil startup HRT Participações. Teixeira plans to concentrate on his role on the board of directors. He is replaced by Lourenço Bastos-Tigre, a fund manager who joins from Galileo Capital.

Cordero Gets Hacienda Post

Mexican energy minister José Antonio Meade was named finance minister, after Ernesto Cordero stepped down in order to run for president next year. Meade was deputy finance minister from August 2010 to January 2011, replacing Alejandro Werner and later moving on to energy minister to replace Georgina Kessel. Pemex o cial Jordy Herrera will replace Meade as energy secretary. International bond placement specialist María Catalina Escobar rejoined Colombia’s finance ministry, as director of external market financing. Escobar left her position– which included directing the sovereign’s dollar bond issuance – in August 2009 to complete a graduate degree with the expectation she would resume her role at public credit. LF

MMX Loses CEO

Roger Downey resigned as CEO of MMX, and was replaced by Guilherme Escalhão, CFO of the Eike Batista-controlled

UPDATE
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4 LATINFINANCE

November/December 2011


http://www.latinfinance.com

Latin Finance - November/December 2011

Table of Contents for the Digital Edition of Latin Finance - November/December 2011

Latin Finance - November/December 2011
Contents
Contagion Risk
Mexican Credit
China Investment
Loan Markets
Mexico Banks
Sub-Sovereign Debt
Banks of the Year 2011
Argentina Investor Report
Reversal of Fortunes
Latin Finance - November/December 2011 - Latin Finance - November/December 2011
Latin Finance - November/December 2011 - Cover2
Latin Finance - November/December 2011 - Contents
Latin Finance - November/December 2011 - 2
Latin Finance - November/December 2011 - 3
Latin Finance - November/December 2011 - 4
Latin Finance - November/December 2011 - 5
Latin Finance - November/December 2011 - 6
Latin Finance - November/December 2011 - 7
Latin Finance - November/December 2011 - 8
Latin Finance - November/December 2011 - 9
Latin Finance - November/December 2011 - 10
Latin Finance - November/December 2011 - 11
Latin Finance - November/December 2011 - Contagion Risk
Latin Finance - November/December 2011 - 13
Latin Finance - November/December 2011 - 14
Latin Finance - November/December 2011 - 15
Latin Finance - November/December 2011 - 16
Latin Finance - November/December 2011 - 17
Latin Finance - November/December 2011 - 18
Latin Finance - November/December 2011 - 19
Latin Finance - November/December 2011 - 20
Latin Finance - November/December 2011 - 21
Latin Finance - November/December 2011 - Mexican Credit
Latin Finance - November/December 2011 - 23
Latin Finance - November/December 2011 - 24
Latin Finance - November/December 2011 - 25
Latin Finance - November/December 2011 - China Investment
Latin Finance - November/December 2011 - 27
Latin Finance - November/December 2011 - 28
Latin Finance - November/December 2011 - 29
Latin Finance - November/December 2011 - Loan Markets
Latin Finance - November/December 2011 - 31
Latin Finance - November/December 2011 - 32
Latin Finance - November/December 2011 - 33
Latin Finance - November/December 2011 - Mexico Banks
Latin Finance - November/December 2011 - 35
Latin Finance - November/December 2011 - Sub-Sovereign Debt
Latin Finance - November/December 2011 - 37
Latin Finance - November/December 2011 - Banks of the Year 2011
Latin Finance - November/December 2011 - 39
Latin Finance - November/December 2011 - 40
Latin Finance - November/December 2011 - 41
Latin Finance - November/December 2011 - 42
Latin Finance - November/December 2011 - 43
Latin Finance - November/December 2011 - 44
Latin Finance - November/December 2011 - 45
Latin Finance - November/December 2011 - 46
Latin Finance - November/December 2011 - 47
Latin Finance - November/December 2011 - 48
Latin Finance - November/December 2011 - 49
Latin Finance - November/December 2011 - 50
Latin Finance - November/December 2011 - 51
Latin Finance - November/December 2011 - 52
Latin Finance - November/December 2011 - 53
Latin Finance - November/December 2011 - 54
Latin Finance - November/December 2011 - 55
Latin Finance - November/December 2011 - 56
Latin Finance - November/December 2011 - 57
Latin Finance - November/December 2011 - 58
Latin Finance - November/December 2011 - 59
Latin Finance - November/December 2011 - 60
Latin Finance - November/December 2011 - Argentina Investor Report
Latin Finance - November/December 2011 - 62
Latin Finance - November/December 2011 - 63
Latin Finance - November/December 2011 - Reversal of Fortunes
Latin Finance - November/December 2011 - Cover3
Latin Finance - November/December 2011 - Cover4
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