Argentina’s return to global markets and the government’s pro-business reforms are drawing investors back to its capital. Buenos Aires: Creating the Future, will bring together investors, international business leaders and senior policy makers to explore the most promising sectors for growth, the key considerations for business, and future prospects.
Buenos Aires: Creating the Future
Horacio Rodríguez Larreta
City of Buenos Aires
City of Buenos Aires
Argentina’s dramatic return to global markets and the government’s pro-business reforms are drawing investors back to Buenos Aires. The full results of policy changes may be taking time to show, but with economic recovery and a drop in inflation expected in 2017, international markets remain largely optimistic.
Buenos Aires stands to gain significantly from this renewed interest. Greater business confidence in Argentina will help its cosmopolitan and vibrant capital to meet the demands of a growing urban population and fulfil its potential. The opportunities are there, particularly in areas such as infrastructure, energy, technology, services and urban development, but where do the best prospects lie, and what factors should domestic and foreign investors be aware of? How can Buenos Aires become the driver of economic growth in Argentina in the future?
The Financial Times is delighted to host a special strategic forum to discuss the opportunities for investment in Buenos Aires. Moderated by leading FT journalists, this invitation-only event will gather investors, international business leaders and senior policy makers to assess the most promising sectors for growth, the key considerations for business, and future prospects.
Horacio Rodríguez Larreta
Horacio Rodríguez Larreta was elected as the Mayor of the City of Buenos Aires in June 2015, and will hold the position until 2019. While Mauricio Macri was Mayor, Mr Rodriguez Larreta worked alongside him as Chief of the Cabinet of Ministers of the City of Buenos Aires. Before that he was the General Director of the PRO election campaign. He began to actively participate in politics in 2002 with Mr Macri, with whom he founded the political party “Compromiso para el Cambio” in 2003 (later renamed “Propuesta Republicana” (PRO) in 2005). He holds a degree in Economics from the University of Buenos Aires and an MBA from Harvard University. In 1993 he founded the Fundación Grupo Sophia, an NGO to support young people who want to take on public responsibilities.
Ricardo Alejandro Torres has been a member of the board of directors of Pampa Energia since 2005 and was elected as Vice Chairman in 2013. Since 2012 he has been Chairman of the Board of Directors of Edenor. Previously he was as a Professor of Tax and Finance at the University of Buenos Aires’ school of Economics. He currently serves as a Director of Bodega Loma la Lata S.A., CPB, CTG, Loma de la Lata, EASA, HIDISA, HINISA, IEASA, Diamante, Nihuiles, IPB, Pampa Comercializadora S.A., Pampa Inversiones S.A. (“PISA”), Pampa Participaciones, Pampa Participaciones II, Petrolera Pampa, RT Warrants S.A., Transelec, Pop Argentina S.R.L. (Partner), Orígenes Seguros de Vida S.A., Orígenes Seguro de Retiro S.A., Transba (alternate director), Greenwind S.A., Parques Eólicos del Fin del Mundo S.A., Parques Eólicos Argentinos S.A., Petrobras Argentina and Albares Renovables Argentina S.A. Mr Torres holds a degree in Accounting from the University of Buenos Aires and an MBA from the Instituto de Altos Estudios Empresariales-Escuela de Negocios de la Universidad Austral.
Prior to becoming Minister of Education, María Soledad Acuña served as Undersecretary of Educational Equity in the city’s Ministry of Education and as Undersecretary of Social Promotion in the city’s Ministry of Social Development. From 2003 to 2007 she represented the “Commitment to Change” political party as a Legislator of the city, where she served as Chair of the Women’s Commission and the Health Commission. Before 2003, she worked in the Federal Public Revenue Administration (AFIP), the National Institute of Social Services for Retirees and Pensioners, and the National Institute of Public Administration (INAP). She is a member of the Sophia Group Foundation and the Political Action Network (RAP). She holds a Bachelor’s degree in Political Science, specialising in Public Administration, from the University of Buenos Aires.
Santiago Balart has more than 15 years of experience in the financial sector, focusing on asset management, private equity investments and advice on mergers and acquisitions and corporate finance. For six years he taught in the Finance and Capital Markets department of the Universidad Católica Argentina. He holds a Bachelor’s degree in Business Administration from the Universidad Católica Argentina and a Postgraduate degree in Executive Education from the University of San Andrés.
As President of SAP Latin America South, Guillermo Brinkmann oversees all business operations in Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay, and is responsible
for driving and consolidating SAP’s growth across the region. Prior to his appointment as President, Mr Brinkmann was Head of Strategy and Planning at SAP’s Global Partner Organization (GPO). In addition to this he led the GPO area for SAP Latin America and the Caribbean, responsible for business development with SAP ecosystem partners in the region. Before this he was Country Manager for SAP Argentina, following two years as Vice President, Ecosystems & Channels at SAP MCLA. Prior to that he was SME Director – MCLA (Multi Country Latin America), having joined SAP in 2007 as Director of Business Operations for SAP Andean & the Caribbean. Mr Brinkmann held previous roles as Business Development Manager, Southern Cone at AVAYA; General Manager at Keylab; and Sales Director at Keydata. He holds Bachelor’s and Master’s degrees in Computer Science from Argentina’s Universidad de Belgrano, where he also earned a Master’s degree in Software Engineering.
Daniel R. Elsztain is a member of the board and Vice President in charge of the real estate division of IRSA. He has also been Chief Operating Officer of IRSA CP (IRSA Commercial
Properties) since 2012. Formerly, he was Commercial Director and Marketing Manager of Alto Palermo S.A (today IRSA CP) and Alternate Director of Banco Hipotecario, a company controlled by IRSA. In his current role, he is responsible for urban acquisitions and development projects. He runs the operation of the 16 shopping centers owned by IRSA CP in Argentina. Mr Elsztain is part of the acquisitions committee of Condor Hospitality Trust, a hotel REIT in which IRSA has a stake. He opened IRSA’s US office in New York and orchestrated the purchase of two commercial office buildings in the city. He holds an MBA from IAE University in Buenos Aires and a degree in Economics from the University Torcuato Di Tella, also in Buenos Aires. He completed the Stanford Executive Program.
Andy Freire is the Minister of Modernization, Innovation and Technology and Chairman of the Tourism Entity of the City of Buenos Aires. The Ministry’s mission is to design and implement policies to transform and modernise the city, through projects aimed at innovative development of strategic assets, to generate employment and social inclusion. Before joining the civil service Mr Freire co-founded Quasar, a “company builder” that managed fund investments in Silicon Valley. Before that he co-founded Axialent, a consulting firm to help company leaders align their organisational culture. In 1997 he co-founded and led Officenet, an office supplies distribution company.
Pablo Giampieri joined the public sector in 2016 as Financial Coordinator at Dirección Nacional de Vialidad, following 18 years spent working abroad in capital markets. Since January of this year he has served as Undersecretary for Economic Development of the City, bringing to the role the knowledge he acquired in institutions such as Scotiabank, Societe Generale, BNP Paribas and Citi. He holds a degree in Accounting from the University of Belgrano and a Master's degree in Business Administration/ Microeconomics from the University of CEMA. He also has an MBA and a degree in Economics and Finance from the University of North Carolina.
John M. Moncure is Director for Latin America & Caribbean for the Financial Times and involved in all aspects of commercial operations including institutional relations, special reports, advertising, conferences, syndication and content sales and print and digital circulation. Mr Moncure also co-manages Emerging Markets. He has been employed by the FT since 2005 and has worked with the company since 1998. Prior to this he was Managing Director for North America at Publicitas S.A. He holds degrees from the Thunderbird School of Global Management and the Colorado College, and has attended La Universidad Autónoma de Guadalajara and La Sorbonne. He serves on the boards of the Council of the Americas, the Brazilian-American Chamber of Commerce and WILL (Women in Leadership in Latin America).
Adriana Noreña is Vice President for Spanish Speaking Latin America at Google and has been leading the region since 2011, based in São Paulo. Prior to that she was Country Director for Google Argentina from 2009 to 2012, and Sales and Online Operations Director, first for Brazil and then for Latin America. Before joining Google, she was Marketing and Business Development Director at Avaya and Strategic and Finance Planning Manager at Elma Chips (PepsiCo). She is also the Founder of a cosmetic products company. She holds a degree in Business Administration from Universidad Icesi (Colombia), an MBA from Babson College (USA) and a Master’s degree in Management of Technology from the Massachusetts Institute of Technology (USA). She currently serves as a member of MIT Sloan Latin America Office’s Advisory Council.
Armen Ovanessoff leads Accenture’s research activities in Latin America, and his focus is on global economic and business trends. His opinions and research insights are regularly featured in economics and business journals and publications. His consulting work has supported the development of international business strategies and operating models for Accenture and its multinational clients across industries. He is a frequent speaker and moderator at events on issues related to competitiveness and growth, with a regular presence in the media. His recent research topics include artificial intelligence, the Internet of Things, productivity, collaborative innovation and economic nationalism. Previously based in London, Mr Ovanessoff established Accenture’s research bureau in India, which he ran from New Delhi. He also helped build the bureau in China. He is now based in Latin America, having set up the São Paulo bureau. He helps manage Accenture's strategic partnership with the World Economic Forum, representing the company’s point of view on global issues among leaders from business, policy and society.
José Luis Roces
José Luis Roces’ career in business management spans more than 35 years. During this time he has served in many positions at Argentina Grupo, Banco Río, Organización Techint; and Masis SA. He is currently Professor of Management and Leadership at the Graduate School of the Instituto Tecnologico de Buenos Aires (ITBA), and was previously a professor at UBA, UADE and the University of San Andrés. From 2002-2012 he was the Provost of ITBA, as well as a Founding Member of ITBA Center for Leadership Development (CDL). Between 2012-2014 he was Academic Counselor at the same university and from 2014 is the Rector (Executive President) of ITBA. He was Professor of Management and Leadership for the Master’s programme at University Carlos III in Spain (2009-2011). As a consultant, he was an advisor to Banco Interamericano de Desarrollo and also for local and international companies such as AT&T, Arcor, Canteras Cerro Negro, Citibank, Esso, Endesa, Enel Group, Melezca and Tabacal. He holds a degree in Industrial Engineering from the University of Buenos Aires and a Postgraduate degree in Management Science from the Oxford Centre for Management Sciences, Templeton College, UK.
Alejo Rodríguez Cacio
Alejo Rodríguez Cacio is the General Director of InvestBA, Buenos Aires City´s Investment and Trade Promotion Agency, which has a two-goal mission: to position BA as the main FDI destination in Latin America and to promote BA’s products and services abroad. Mr Rodríguez Cacio´s experience in the public sector started as Senior Policy Advisor in Economics and Finance at the Argentine National Congress. Prior to joining the Congress, he was a Senior Consultant at Riedel Research Group in New York, an independent equity research and consulting firm focused on investment opportunities in Asia, Latin America and Emerging Europe. He was previously Chief of the Department of Economic and Financial Analysis at Unilever Argentina and worked at Bank of America Argentina as Supervisor of the Securities and Corporate Actions Department. He has a degree in Economics from the University of Buenos Aires and Master’s degrees in Finance (Torcuato Di Tella University) and Economics (University of York, UK). Additionally, he was President of the Argentine Chevening Alumni Association.
Francisca M. Rojas is an urban development and housing specialist at the Inter-American Development Bank (IDB). Her areas of expertise include sustainable urban development, metropolitan urban governance and the role of ICTs in urban management, transparency and accountability. Previously she was Research Director and a post-doctoral fellow with the Transparency Policy Project at the Harvard Kennedy School of Government. She was also a researcher at the MIT Senseable City Lab. In the public sector she was an urban planner with the Washington DC Office of Planning and an advisor to the Minister of Housing and Urban Development in Chile. She has a PhD in Urban and Regional Planning from the Massachusetts Institute of Technology (MIT), a Master’s in City Planning also from MIT and an undergraduate degree from the University of Michigan.
Fernando Straface has been the Secretary General Foreign Affairs of the City of Buenos Aires since 2015. He is one of the founders and former Executive Director (2010-2015) of CIPPEC, a leading think tank in Argentina. He is a member of Debates International and was a driving force for the first ever presidential debate in Argentina, held in 2015. His areas of expertise include good governance, public sector reform and civil society. He has 20 years of experience that combine both regional and international positions with committed involvement in Argentine public policy. Between 2003 and 2008 he acted as governance specialist at the Inter-American Development Bank in Washington DC, leading projects in 14 countries in Latin America. Mr Straface writes regularly in major newspapers in Argentina on current affairs. He has an MA from Harvard University (Kennedy School of Government) and a BA in Political Science from USAL in Argentina.
John Paul Rathbone
John Paul Rathbone was appointed Latin America Editor in April 2010, having previously edited the FT's Lex column. He joined the FT in 2008 from Breaking Views, where he was a financial commentator for several years and founding correspondent. Prior to that, he worked at Reuters and the World Bank. Mr Rathbone is a graduate of Oxford University, where he read Anthropology, and Columbia University, where he earned a Master's in Economics. He became a senior member of St Antony’s College, Oxford, in 2006. He is the author of The Sugar King of Havana: the rise and fall of Julio Lobo, Cuba's last tycoon.
Shawn Donnan is the Financial Times’ World Trade Editor. He was appointed to this role in September 2013. Mr Donnan was previously World News Editor, after being promoted from Deputy World News Editor in June 2010. Prior to that, he was the Asia World News Editor and the Asia International Company News page editor based in Hong Kong. He was also the FT’s Indonesia correspondent based inJakarta. He joined the FT in November 1999 in Sydney, Australia. Prior to joining the Financial Times, Mr Donnan worked as a staff writer for the Associated Press in the US and as a Sydney-based reporter for Agence France-Presse. Besides the Financial Times, his work has appeared in major newspapers worldwide, including the South China Morning Post, the Los Angeles Times and Christian Science Monitor. Mr Donnan graduated from Boston University, majoring in International Relations.
Benedict Mander is the Southern Cone Correspondent for the Financial Times. He was previously the FT’s Venezuela and Caribbean correspondent, based in Caracas. He joined the FT in 2005, covering the Southern Cone from Mexico. Prior to this Mr Mander wrote for Euromoney, the Daily Telegraph, Investors Chronicle and Rough. He holds a BA degree in Modern and Medieval Languages from Cambridge University.
Agenda - 4th Apr
8:00amRegistration and Refreshments
8:50amWelcome Remarks and Introduction
John Moncure, Director, Latin America, Financial Times
John Paul Rathbone, Latin America Editor, Financial Times
Fernando Straface, Secretary General Foreign Affairs, City of Buenos Aires
Pablo Giampieri, Undersecretary of Economic Development, City of Buenos Aires
9:15amSpecial Presentation - InvestBA
Alejo Rodriguez Cacio, General Director, InvestBA
9:20amPanel Discussion: Creating Economic Growth
Human capital, investment capital, affordable energy and modern infrastructure are proven sustainable growth drivers. What is Buenos Aires doing to leverage these strategic advantages – and what else could help to accelerate economic growth to assure the vitality of Buenos Aires in the decades to come?
Soledad Acuña, Minister of Education, City of Buenos Aires
Santiago Balart, Vice President, Puente
Adriana Noreña, Vice President Spanish Speaking LATAM, Google
Ricardo Torres, President, Edenor and Co-CEO, Pampa Energia
Moderated by: Shawn Donnan, World Trade Editor, Financial Times
Andy Freire, Minister of Modernization, Innovation & Technology, City of Buenos Aires
10:35amPanel Discussion: Innovation and Smart Cities
Cities are not just the heartbeat of a country; they act as important centres of commerce, culture and education. By 2050, cities are projected to be home to 90 per cent of the world’s inhabitants – bringing new opportunities but also ever greater demands on city governments. This panel will look at how technology, entrepreneur zones, universities, cultural institutions and green spaces all interact in attracting top talent and investment while creating a truly smart and sustainable city for now and the future.
Guillermo Brinkmann, Managing Director, SAP Latin America South
Daniel Elsztain, Vice President, IRSA, Chief Operating Officer, IRSA CP
Armen Ovanessoff , Principal Director, Accenture Research Emerging Markets
Francisca Rojas, Housing and Urban Development Specialist, Inter-American Development Bank
José Luis Roces, Rector,Instituto Tecnologico de Buenos Aires
Moderated by: Benedict Mander, Southern Cone Correspondent, Financial Times
Horacio Rodriguez Larreta, Mayor, City of Buenos Aires
Interviewed by: John Paul Rathbone, Latin America Editor, Financial Times
John Paul Rathbone, Latin America Editor, Financial Times
Who will I meet?
Buenos Aires: Creating the Future is an invitation-only event for investors, international business leaders and senior policy makers. Limited places are available, free of charge and subject to availability, to the following professionals:
- Chief Executive Officers
- Chief Financial Officers
- Chief Investment Officers
- Chief Innovation Officers
- Chief Technology Officers
- Heads of Investment
- Heads of Strategy
- Heads of R&D
Presented by (1)
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.
Platinum Sponsors (5)
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives.
IRSA is one of the most diversified business groups in Argentina. The company owns and operates 16 shopping malls; over 700.000 sq. has. in Argentina, Brasil, Paraguay and Bolivia; five premium office buildings in Buenos Aires and two in New York; three five-star hotels (among them the magnificent Llao-Llao in Bariloche) and has a controlling stake in Banco Hipotecario, among many other assets. IRSA’s motto is “building without destroying”, which has led the company to recover entire areas in Buenos Aires (Abasto, Distrito Arcos) and Rosario (Alto Rosario) by transforming decaying buildings and empty lots into vibrant, progressive neighborhoods. We care for the environment and the community: both in our shopping centers and our office buildings we have been practicing waste separation for almost a decade, and we are deeply involved with NGO’s, schools and local organizations in the areas where our business units develop their activities. IRSA has recently closed the acquisition of IDB, one of Israel’s largest business groups. IRSA and its controlled companies employ over 21,000 people in three continents. IRSA’s stock are listed in the NYSE and the Bolsa de Comercio de Buenos Aires; our controlling company, CRESUD, is listed in NASDAQ.
Pampa Energía is the largest independent energy integrated company in Argentina, that through its subsidiaries participates in the electricity and oil and gas value chain. In our oil and gas exploration and production segment we hold interests in 22 productive blocks and 6 exploration areas. The current total oil & gas production is 71,5 kboe/day, of which 65% accounts for gas upstream, and more than 2,600 productive wells. Our midstream segment, Pampa has a presence through its indirect stake in TGS, the country’s largest gas transportation company and second largest liquids processor and marketer. In downstream, we hold a refining installed capacity of 30.2 thousand barrels per day, supplying a retail network of 263 gas stations across the country, as well as a 28.5% stake in Refinor, a refining and marketing company in the north of Argentina. Also we have three plants that produce and hold most of the local market share of styrene, polystyrene, BOPs and synthetic rubber. Our power generation segment has an installed capacity of 3,433 MW, which represents more than 10% of Argentina’s electricity system. Our power transmission segment co-controls Transener, which transports 85% of the electricity in Argentina through more than 20.6 thousand km of high voltage lines. Our electricity distribution segment is composed of Edenor, the largest power utility in Argentina, with 2.9 million customers, serving Buenos Aires city and northern suburbs. Pampa is one of the most traded Argentine stocks, listed in the Buenos Aires Stock Exchange (BCBA) and holding the second largest weight in the Merval index (8.35% since January 2017), as well as listed in the New York Stock Exchange through a level II ADR program.
PUENTE is the leading financial services firm in Southern Cone, with offices in Argentina, Uruguay, Paraguay, Panama and the UK. In the last decade, we have gone through a strong process of expansion to become a reference of the region on a global level. We invest in technology and we bring together the most outstanding professional teams in each country, dedicated to meeting the financial goals of our clients through exclusive and dynamic channels. We have created a unique style of management that stands out across all the countries: we offer customized solutions, building a solid advantage in a changing and highly competitive world.
We are a reference point in the business of Wealth Management, Sales & Trading, Capital Markets, Asset Management and Corporate Finance, thanks to the capillarity of our customer network and the solid relationship we maintain with international investors. We are at the forefront in the development and application of technology in the financial world and we stand out for the fulfillment of the highest world standards of security and transparency. Our performance is recognized by the world's leading specialist media.
Today we are the strategic partner for all those who, from wherever in the world, choose to invest in the Southern Cone.
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 320,000 customers to operate profitably, adapt continuously, and grow sustainably.
Silver Sponsors (2)
BACS is an Argentine Bank, specialized in providing innovative financial solutions for local businesses. BACS’ main business units are: investment banking, wealth management, commercial and consumer credit, sales & trading, research and asset management. BACS is positioned among the top players in the local primary and secondary corporate debt markets. BACS is a registered broker in the main local market platforms. The bank was founded in the year 2000. Its current shareholders´ structure is formed by Banco Hipotecario (BCBA: BHIP) with 62.28% and IRSA (NYSE: IRS) (37.72%). Its world-class management team has a proven and remarkable track-record in banking and capital market transactions, with deep knowledge of the Argentine culture and business practices. As of Sep. 30, 2016, BACS has assets worth AR$ 1.7 bn and net worth of AR$ 350 mn. Fitch has rated its local bonds with AA (Arg). BACS´ asset management firm, Toronto Trust, has nearly AR$ 5 bn assets under management.
Founded in 1950, Aerolíneas Argentinas is one of the leading South American carriers. From its home bases in Aeroparque Jorge Newbery and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 24 international destinations in the Americas and Europe. Along with Austral Líneas Aéreas, Aerolíneas operates flights to 37 destinations in Argentina, flying to more cities in the Argentine territory than any other airline. Aerolíneas provides dynamic links between Argentina and the region through its relaunched hub in Aeroparque Jorge Newbery city airport. Aerolíneas links an increasing number of cities in Argentina without having to connect flights in Buenos Aires. The Aerolíneas group is carrying out an ambitious fleet renewal program. The fleet is composed of a total of 83 aircraft, including Airbus 330 / 340, Boeing 737-700 / 800 and Embraer 190 jets. By the end of 2017, the company will start incorporating 737-8MAX to its fleet. The Aerolíneas group is also committed to develop and achieve the highest level of safety and quality operations performance. Both Aerolíneas Argentinas and Austral were certified under the IOSA registry originally in 2007, renewing their registrations successfully for the past years. The airline is member of the SkyTeam global alliance since September 2012.
Buenos Aires C1437JCL