The Financial Times is pleased to announce the launch of the first FT Commodities Americas Summit, which will take place in Buenos Aires. Global and regional commodity leaders will converge to debate the outlook for commodities in this resource-rich region - one that presents many untapped opportunities but also faces challenges in reaching its full potential.
FT Commodities Americas Summit
Gonzalo Ramírez Martiarena
Louis Dreyfus Company
Ministry of Treasury & Public Finance, Argentina
Government of Argentina
Se ofrecerá traducción simultánea en la Cumbre. Se ofrecerá traducción simultánea en la Cumbre.
Simultaneous translation will be provided at the Summit.
Days til event
The commodities industry is emerging from the most severe downturn in a generation and that presents a new set of challenges and opportunities, particularly in regions such as the Americas, which boast a huge endowment of raw materials. President Trump’s pledge to tear up trade deals and impose border tariffs could have far-reaching ramifications across the continent, particularly in agriculture, where abundant stocks are capping price gains. The direction of the US dollar, industrial relations, as well as the pace of economic growth and reform in China, are other factors that commodity traders and producers in the Americas will have to address in 2017.
But there are also opportunities. The continent has untapped resources of renewable energy, oil and gas and metals waiting to be developed. These, and many other issues, will form the agenda for the first FT Commodities Americas Summit, which will feature speakers from some of the world’s biggest trading houses, resource companies and banks, as well as senior government leaders.
Gonzalo Ramírez Martiarena
Gonzalo Ramírez Martiarena is Chief Executive Officer (CEO) of Louis Dreyfus Company (LDC). An Argentine national, he joined the Group in Buenos Aires in 2005, initially working for the Oilseeds platform and later for the Freight platform in Paris, France. In 2007 he moved to Madrid to develop the distribution market for LDC Spain. The following year he returned to Buenos Aires to lead the Group’s grains and oilseeds origination activities in South Latin America, and in parallel started the fertilisers and seeds division in Argentina. He subsequently served as Chief Operating Officer for South & West Latin America, and in 2012 was appointed head of that Region, acting in parallel as interim Senior Head of Regions for the Group between 2013 and 2014. He moved to Singapore in 2015 as Head of the Asia Region, before his appointment as CEO. Prior to joining the Group, Gonzalo worked for 15 years at Nidera in Argentina.
Mr Dujovne holds a BA in economics from the Universidad de Buenos Aires and an MA from the Instituto Torcuato Di Tella. He worked for more than 10 years at Banco Galicia, the largest domestically owned bank of the country as the Chief Economist. He also served as a Government official between 1997 and 1998 as the Chief of Advisors to the Secretary of the Treasury and in 1999 he was appointed as the representative of the Ministry of Finance at the Board of Directors of the Argentine Central Bank.
Mr Dujovne was also a consultant for the offices of the World Bank in Washington D.C. and in Buenos Aires and director of Papel Prensa S.A. He was also a professor of “Topics of banking administration” at the Masters Program of the Universidad Torcuato Di Tella in Argentina. He currently serves as Minister of Treasury of Argentina.
Guillermo Dietrich has been the National Minister of Transport since December 2015. He was previously in charge of the same position in the city of Buenos Aires from 2009-2015. He is responsible for executing the most ambitious National Plan of Transport, aimed at empowering economic and social development in Argentina. This policy seeks to build a more efficient connectivity to foster productivity and enhance road safety, giving more, and better alternatives for the producers to reach the ports and export products. Prioritizing and improving public transit quality in major cities, duplicating the number of passengers travelling by aeroplane and modernizing airport infrastructure are also among the many goals.
Additionally, Mr Dietrich strongly encourages transparency as a principle of his administration, completing public work so that it does not remain promises of a campaign and is executed in time. Among other actions, he led a transformation in the tendering scheme, with the goal of making it more open, transparent and competitive, and increasing the stages of monitoring on public tendering.
Mr Dietrich has a degree in Economics from Universidad Católica Argentina (UCA) where he also underwent postgraduate studies in Business and obtained a Masters degree in Business Administration (MBA) cum laude, in IAE.
Raul Padilla became CEO of Bunge Brazil in May 2014, having served as Managing Director, Bunge Global Agribusiness and CEO, Bunge Product Lines since July 2010. He had been CEO of Bunge Argentina since 1999, having joined the company in 1997 as commercial director. He has over 30 years’ experience in the oilseed processing and grain handling industries in Argentina, having started his career with La Plata Cereal in 1977. He is a Council Member of the Brazilian Association of Vegetable Oils Industries. He has served as president of the Argentine National Oilseed Crushers Association, President of the Centro de Exportadores de Cereales de Argentina, vice-president of the International Association of Seed Crushers and director of the Buenos Aires Cereal Exchange and the Rosario Futures Exchange.
In February 2015, Iván Arriagada joined Antofagasta Minerals S.A., a Chilean-controlled company listed on the London Stock Exchange and a constituent of the FTSE 100 Index. In April 2016, he was appointed CEO of Antofagasta plc, the holding company of Antofagasta Mining Group. Mr Arriagada is a commercial engineer, graduate from the Adolfo Ibañez Business School at Universidad Federico Santa María and holds a Master of Science from the London School of Economics.
Prior to joining Antofagasta Minerals, he held the position of Chief Financial Officer at Codelco. Before this, he was President of Pampa Norte at Base Metals BHP Billiton, Vice President of Operations at Base Metals BHP Billiton and Chief Financial Officer for Copper at BHP Billiton.
Mr Arriagada previously worked in the oil and gas industry at Royal Dutch Shell International, holding various posts in finance and business development, primarily in England, USA and Argentina.
Alberto Hensel is the Minister of Mining for the San Juan Province. He is also a lawyer and attorney for the University of Buenos Aires. He has a Diploma in Public Management from the University of Católica de Córdoba and is an ex-professor of the University of del Salvador in Argentina within the Legal Sciences department.
Working in the private sector, he has integrated his legal studies and specialized in matters of constitutional, administrative, labour and civil natures. Dr Hensel has served in various organizations of the National, Provincial and Municipal State. He is also the Director of Sustainable Development at the Ministry of Mining in San Juan and the Mayor of Sarmiento in San Juan.
Richard J. Spies is CEO of Pan American Energy and is based in Buenos Aires. Mr Spies has 40 years of oil and gas experience beginning in 1975 with Amoco. From 1975 to 1990, he held various technical, supervisory, and managerial positions with responsibilities for the US Gulf of Mexico, and later international operations. He served as Vice President of Amoco Argentina from 1990 to 1992 and President from 1992 to 1995. From 1995 to 1997 he served as Amoco’s Vice President for Midcontinent E&P. He served as the Chief Executive Officer of Pan American Energy, an Amoco (and subsequently BP) joint venture from 1997 to 2005.
Mr Spies served as President of BP Russia from 2005 to 2009. He served as the Chief Operating Officer of BPZ Resources, Inc. from 2010 to October, 2013. He then served as a Non-Executive Director of Pan American Energy, from late 2011 until his return to Pan American Energy as CEO in 2014. He was a Non-Executive Director of BPZ Resources, Inc. from September, 2013 until its end in 2015.
Mr Spies has served since 2000 as a director of the non-profit AEDIN, a school in Buenos Aires for children with severe neurological disorders. He is a past-President of the Argentina AmCham, past-President of the Lincoln International School in Buenos Aires, and a past-Director of the Russia AmCham in Moscow.
John Kanellitsas has been involved in the battery materials industry since 2009 and is currently the President and Vice Chairman of Lithium Americas Corp. He has over 25 years of corporate finance and investment management experience. He was a co-founder of Geologic Resource Partners, LLC, and was previously employed by Morgan Stanley & Co. and General Electric. Mr Kanellitsas has an MBA from the University of California at Los Angeles and a BS degree in Mechanical Engineering from Michigan State University.
Robert Rennhack is the Deputy Director of the International Monetary Fund’s Western Hemisphere Department (WHD), responsible for managing the department’s work with Mexico, Colombia, Venezuela, Honduras, Dominican Republic, and Haiti and all personnel matters in the department. He has worked extensively on Latin America, leading missions to many countries in the region. He has also worked in the Fund’s Monetary and Capital Markets Department, managing its technical assistance throughout the world and leading FSAPs in several countries, including Argentina and Colombia. He co-authored a paper entitled “Global Financial Regulatory Reform: Implications for Latin America and the Caribbean,” and led the work of the Western Hemisphere Department’s Regional Economic Outlooks. He also co-edited a book entitled the The Macroeconomy of Central America, published by Palgrave-Macmillan.
Mr Rennhack received his graduate training in economics from Yale University and his undergraduate degree from the University of Michigan.
Alejandro Elsztain graduated as an Agricultural Engineer from the University of Buenos Aires. He completed the Advanced Management Program at Harvard Business School in June 1999. He has served as Chief Executive Officer and Director of Cresud since 1994.
Cresud is one of the largest agriculture companies in Argentina that is listed on the Buenos Aires Stock Exchange (BYMA) and on NASDAQ. It has approximately 800,000 hectares under management in the region, distributed in: Argentina, Bolivia; and through its subsidiary BrasilAgro, in Brazil and Paraguay. In 2001, Mr Elsztain was invited to become the CEO of the Group of companies. Nowadays, besides Cresud, he runs IRSA Propiedades Comerciales; a leading commercial real estate company in Argentina primarily engaged in the acquisition, development and operation of shopping centers and premium office buildings; and IRSA, one of the largest Argentine real estate investment companies that owns an important and diversified portfolio of properties, hotels, landbank as well as some international opportunistic investments, as Lipstick building in New York and the 68.3% stake in the Israeli holding IDB Development Corporation (“IDBD”).
In addition, Mr Elsztain was one of the Founders of BrasilAgro in 2006 (currently, Vice President), an agricultural company that replicated Cresud’s business model in Brazil and is listed both on BOVESPA & NYSE. Recently, he is serving as a Board Member of IDBD as well as Chairman of Gav Yam and Mehadrin and Vice President of PBC (companies dedicated to the real estate and fresh fruits business in Israel). Additionally, he is Chairman of Hillel Argentina.
Sergio Giorgi was appointed Vice President of Business Development & Development Engineering at YPF, Argentina’s leading energy company, in December 2016. With over 20 years of international experience in the oil and gas industry, he started his career at YPF working for the Neuquén drilling division. In 1996 he joined Total and held several E&P positions in Argentina, Scotland, Indonesia, Libya, Italy and France. He was named Head of Middle East, Asia and North Africa Drilling Operations in 2007, working later for Total’s Development, Planning and New Business division in Africa. In 2011 he was appointed as E&P Latin America New Business Director and then he joined Total Austral in Argentina as Unconventional Resources Director.
Mr Giorgi holds a degree in Civil Engineering from the University of Buenos Aires, a postgraduate degree from the French Institute of Petroleum and he has fulfilled business development programs at HEC Paris and SAID Business School of Oxford University.
Luis Miguel Etchevehere
Luis Miguel Etchevehere is a graduate lawyer from Universidad Nacional del Litoral. He is the current President of Sociedad Rural, Argentina (SRA). Since 1993 he has been linked to Sociedad Rural Argentina, first acting as a Regional Delegate and two years later, as Director for the District, which led him to work in the Liaison Bureau of Entre Rios. He joined the Commissariat of Palermo as Commissioner General and he was named Director of Exhibitions of the SRA in 2008 and elected second Vice President of the company in 2010. In addition, Mr Etchevehere is Director of the World Producers Organization (WCO) and was President pro tempore of Argentina in the Federation of Rural Associations of MERCOSUR (FARM) from September 2014 to September 2015. He was re-elected as President of the SRA for the third period.
Miguel Kiguel holds a degree in Economics from the University of Buenos Aires (1976) and a Ph. D. from Columbia University (1983). He is currently Executive Director of Econviews. He teaches at Universidad Di Tella, and is an Academic Advisor at FIEL.
He was President of Banco Hipotecario S.A, Undersecretary of Finance and Chief Advisor to the Minister of the Economy of Argentina, Deputy General Manager for Economics and Finance at the Central Bank of Argentina, Principal Economist at the World Bank, and was an Associate at the Institute for International Economics in Washington DC. He was Assistant Professor at the University of Maryland, 1983-87, and an adjunct Professor at Georgetown University and taught at CEMA University.
Mr Kiguel has conducted research activities in different areas, such as inflation, and stabilization policies, exchange rate and monetary policy, and on financial markets. His books and academic papers on macroeconomics, inflation, monetary policy, and on financial markets have been published in the USA, Europe and in several Latin American countries.
Michael Oka is a Managing Director and Head of MUFG’s Latin America Commodity & Structured Trade Finance group. Based in New York, he has more than 20 years of experience in the trade finance area.
Mr Oka’s main responsibilities include creating and managing a comprehensive trade finance product model for the bank throughout Latin America, working closely with the bank’s regional coverage teams, with particular focus on the agri, metals and energy sectors. He is in charge of providing trade finance product support to the bank’s clients, ranging from traditional to highly structured trade finance solutions. Furthermore, he is leading the development and integration of new trade finance products and technology in the Americas for MUFG.
Mr Oka has led the strategic growth of the trade finance business and built a platform that has seen significant improvement in product delivery and overall profitability for the bank. Prior to this appointment, Mr Oka managed BBVA’s Power and Energy Coverage Group in North America and led the bank’s efforts in establishing BBVA in the Power and Energy sectors. During his nearly five years at BBVA, he also initiated a successful integration of trade finance and cash products throughout the bank’s extensive network in Latin America. Under his leadership, the trade finance exposure grew to a multi-billion dollar portfolio. He was also a key figure for arranging some of the most profitable and award-winning transactions for the bank.
Mr Oka also spent 16 years with the Export Agency Finance and Global Transaction Services group at Citibank. He started his trade finance career at Chemical Bank in New York.
He holds an undergraduate degree in finance from the Pontificia Universidade Catolica in Sao Paulo, Brazil. He is fluent in Portuguese, English and Spanish, and has basic knowledge of Japanese.
At present, Jorge Correa is a Board Member (Non Executive Director) at HSBC Bank Argentina and at HSBC Holdings Argentina (and Chairman of the Audit Committee of the bank). He is also an advisor to the board of a pharmaceutical distribution company and advisor to the Ministry of Production and Ministry of Agriculture of Argentina, for the restructuring of companies in crisis.
Jorge Correa is a Non Executive Board Member of HSBC Bank and HSBC Holdings, in Argentina. He is also Chairman of the Audit Committee of the Bank. Additionally, he serves as Advisor to the Board of Droguería del Sud (pharmaceutical distribution company in Argentina) and Advisor to the Ministries of Production and Agribusiness, for selected distressed companies.
He worked for Dutch grain trader, Nidera, as a Member of the Global Management Team during its transition from a family-owned company until Cofco’s full acquisition. He was Chairman of Nidera Argentina and Global Head of its Seed Business.
Previously, he worked for Dutch financial institution Rabobank for more than 17 years. He was President of Rabobank Argentina and Regional Director, Corporate Banking among other different regional and local positions. His main business activity was related to commodities (agribusiness and energy) financing and long-term financing with multilateral agencies. Before joining Rabobank, he worked for 7 years at Siderca (Tenaris), part of Techint Group.
Mr Correa is an Advisory Committee Member for non-for-profit think tank CIPPEC (Centro de Implementación de Políticas Públicas para la Equidad y el Crecimiento). He has sponsored art exhibitions and co-curated the first Argentine private photography collection donated to the National Museum.
Mr Correa received an Industrial Engineer Degree from Instituto Tecnológico de Buenos Aires (ITBA) and a MBA at IMD, Lausanne, Switzerland. In addition to Spanish, he also speaks fluent English and Portuguese.
Mariano Bosch co-founded Adecoagro in 2002 and since then has been the Chief Executive Officer and a member of the Company’s board of directors. Adecoagro is a leading agricultural company based in South America, with presence in Argentina, Brazil and Uruguay. Adecoagro owns farmland and industrial facilities spread across the most productive areas of the region. Through an efficient and sustainable model, it produces over two million tons of agricultural products including sugar, ethanol, bio-electricity, rice, milk, corn, wheat, sunflower and soybeans among others. Adecoagro directly employs over 8,000 people, being most of those positions located in rural areas. Adecoagro is currently listed in the New York Stock Exchange under the ticker AGRO.
Mr Bosch has over 21 years of experience in agribusiness development and agricultural production. He actively participates in organizations focused on promoting the use of best practices in the sector, such as the Argentine Association of Regional Consortiums for Agricultural Experimentation (AACREA) and the Conservational Production Foundation (Producir Conservando). He graduated with a degree in Agricultural Engineering from the University of Buenos Aires.
Sebastián Kind is a Mechanical Engineer from the National Technological University of Argentina (UTN). He has a Master’s degree in Renewable Energies from EUREC Agency in Brussels (Belgium), from Zaragoza University in Spain and from Athens National Technological University in Greece. Mr Kind also has a degree in management development from IAE Business School (Argentina) and different courses on energy and environment at Harvard University, among others.
He has more than 15 years of experience in the renewable energy industry. He has developed and is Director of the Master of Science in Renewable Energies at the UTN and was advisor of the National Honorable Senate. He had a remarkable role in Senator Guinle’s team, helping through the process of passing the new Argentinian Renewable Energies law, which was approved in September 2015.
Mr Kind has been an advisor of wind power projects for many public and private institutions such us the Ministry of Energy and Mines of Uruguay, Ministry of Energy of Chile and for the German Agency of Cooperation GIZ in subjects related to Renewable Energies and tender processes. He has carried out executives positions in the private sector, in London as well as in Buenos Aires. Mr Kind has published more than 40 papers and dissertations on international congresses.
Marcelo Alvarez is the President of the Argentine Chamber of Mining (CAEM) and Director of Corporate Affairs at Goldcorp. He was also Director of Government and Industry Affairs for SABMiller in Colombia, where he lived for 11 years, having a one-year break in 2013, to work in Mexico with the head of the Colombian Police, Oscar Naranjo.
Mr Alvarez has almost 20 years working in the management of government relations, international relations, conflict resolution and community work. As an official of the Organization of American States (OAS) since 1999, he was part of more than 15 Electoral Observation and Conflict Resolution Missions in different countries of the Americas, between 2008 and 2013, the Chief of Mission Support To the Peace Process in Colombia, where he had the rank of Ambassador and Representative of the Secretary General of the OAS in the country. Marcelo received Colombian citizenship in 2012 in recognition of his service to the country.
Mr Alvarez has worked for 10 years in the Congress of Argentina and led the programme for the strengthening of the legislative powers from the OAS, being liaison with the Government of Canada for the creation of the Inter-Parliamentary Forum of the Americas (FIPA).
He is an Attorney at the University of Buenos Aires and holds an MBA from Universidad Francisco de Vitoria in Spain.
In March 2017 Patricio Norris was appointed Trafigura’s Co-head of Oil & Gas for the Central and South America region. He is responsible for co-managing the company’s oil and gas trading activity across the region. He is based in the company’s regional hub office in Montevideo, Uruguay.
Mr Norris joined Trafigura in 2011 as a senior LPG trader based in Geneva, leading the development of the LPG book worldwide. Prior to joining Trafigura, he spent five years in Navig8 Group and with Projector in various oil and gas strategy, analysis and trading roles, based in London, Singapore and the US. He holds a Masters in Engineering from Universidad Catolica Argentina, and an MBA from Columbia Business School.
Established in 1993, Trafigura is a leader in the commodities business. Trafigura has achieved substantial growth in recent years, growing revenue from USD18 billion in 2004 to USD98.1 billion in 2016. The Group’s primary trading businesses are the supply and transport of crude oil, petroleum products, renewable energies, coal, refined metals, ferrous and non-ferrous ores and concentrates.
Rafael Valdez is a merchant banker specialized in energy, frequently commuting between Mexico City and Shanghai. He has advised Latin-American conglomerates, Chinese SOEs and private enterprises, primarily in the oil & gas, infrastructure and renewable energy sectors. At present, he manages Envision Energy’s overall operations and business development efforts in Latin America & the Caribbean. Before joining the firm, Mr Valdez co-founded a few ventures in China, including SinoLatin Capital, the first China-based merchant bank focused on Latin America, laREDchina.com, a virtual platform recently integrated into ConnectAmericas, the first social network for businesses in the Americas ~ developed and managed by the Inter-American Development Bank ~, and the Mexican Chamber of Commerce in China (Mexcham), serving as its founding Chairman. While living in New York from, Mr Valdez advised ProVentures, a private equity firm active in Africa and South America, The Synergos Institute on sustainable development initiatives along the US-Mexico border, and collaborated with the Mission of Mexico at the United Nations. In Mexico, he was the Head of International Affairs and Business Development at the Mexican Mint and chaired Fundación EDUCA México. Mr Valdez graduated from ITAM with a BA in Economics. As a Joint Japan-World Bank scholar he completed an MPA in Economic Policy at Columbia University and a MBA at China Europe International Business School (CEIBS).
Anuj Sharma has 20 years of experience in the oil and gas sector and heads Mercuria’s investments in Argentina. Prior to Mercuria, he was the Vice President and Director, originating investment opportunities for a multi-billion dollar family office in Houston, USA. Mr Sharma also held positions in upstream equity research, and portfolio management for a large commodity investment firm making principal investments in upstream oil and gas sector and managed the firm’s unconventional shale portfolio in the US. He started his oil and gas career as an engineer for Schlumberger Oil Field Services.
Mr Sharma received his Bachelor of Electrical Engineering in India and an MBA form Duke University, USA where he graduated with highest honors as a Fuqua Scholar.
Mariana Schoua became President and CEO of Orazul Energy Argentina in December 2016 when Squared Capital - an independent global infrastructure investment manager - acquired Duke Energy International’s businesses in Latin America.
Ms Schoua previously served as Duke Energy Argentina’s President and CEO, which she joined in 200. Prior to becoming President in 2012, she was Administration and Finance Director. Before joining Duke Energy, she worked, since January 1994, for Dominion Energy as Administration and Finance Manager for the Southern Cone, supervising the same assets. She was also responsible for the Legal and Human Resources departments.
Ms Schoua is a Public Accountant. She graduated from University of Buenos Aires. She has a masters in Electric Power and Natural Gas Administration from the Technological Institute of Buenos Aires (ITBA, in Spanish) and a Strategic Leadership Program at the University of North Carolina, Kenan-Flagler Business School.
Ms Schoua is currently a member of the American Chamber of Commerce in Argentina (AMCHAM) Board of Directors. She was for 18 years, the Treasurer of the Dam Safety Foundation composed of all hydroelectric companies of Argentina and a member of Vital Voices Advisory Council, a foundation devoted to the promotion of women’s leadership.
David is the co-founder of Brazil Potash Corp. and a member of the Forbes & Manhattan Executive Committee. Mr Argyle has over 25 years of experience in identifying, developing, financing and managing fertilizer, mining and energy projects in South America, Asia, Africa and Australia.
Satya Mayilswamy is the President and Regional Head of Olam South America (Argentina, Brazil and Uruguay). He has more than 20 years of experience in the agri sector across India, Africa and South America. He joined Olam in November 1996 in Nigeria, managing Cocoa, Cashew, and Sheanuts. He became Regional Head in South America in December 2007 based out Sao Paulo managing operations comprising Coffee, Cotton, Cocoa, Peanuts, Grains, Spices, Pulses and Dairy.
Mr Mayilswamy is a member of Olam’s Management Committee, Operations Committee and Corporate Responsibility and Sustainability Executive Committee. He holds a Bachelor Degree in Agri Engineering from CAE, TNAU, India and a PG Diploma in Rural Management from the Institute of Rural Management, Anand (IRMA), India.
Francisco Soldati is a Managing Partner of Fenix Partners. He brings more than 20 years of experience in investment banking in Buenos Aires and London, where he was based from 1996 to 2003. Before joining Fenix Partners, he was a Vice President in the oil and gas team at Dresdner Kleinwort Wasserstein and part of the South American Energy team at Cazenove and Co. in London.
His international experience includes numerous transactions in the oil and gas sector, including advising Gaz de France, Ruhrgas and Gazprom in the acquisition of 49% of SPP (USD 2.7 Bn); Xstrata in the acquisition of Asturiana de Zinc (€ 0.5 Bn); Shell in the acquisition of Comgas (USD 1 Bn) and Lasmo in the sale of its Colombian assets (USD 150m). Other clients included: Petronas (Malaysia), Statoil (Norway), OMV (Austria), PKN (Poland), Rosneft (Russia), Petrobras (Brazil), Pluspetrol (Argentina), Sipetrol (Chile), ENAP (Chile) and Copec (Chile).
Since his return to Buenos Aires, Mr Soldati has participated in oil and gas transactions including Crown Point, Mercuria, Roch, Apco, EOG Resources, Schlumberger, ENAP Sipetrol, CGC, Azabache Energy, YPF and San Enrique Petrolera, amongst others.
He received a B.S. in Economics from the Universidad Católica Argentina and is fluent in Spanish, English and French.
David Lacroze is the Chairman of agribusiness company, Zed S.A. He is the former Chairman of the National Grain Board (Junta Nacional de Granos) and the former Undersecretary of National Agriculture, as well as a member of the board for A.E.A. (Argentine Business Association).
Mr Lacroze is a member of the board for S.R.A. (Argentine Rural Society and is also the Chairman of La Magdalena S.A. He obtained a Bachelor degree in Business Administration from the Argentine Catholic University.
Juan Pablo Trujillo
Juan Pablo Trujillo is Managing Partner at Pampa Capital. Mr Trujillo joined Pampa in 2003 and was actively involved in the legal structuring, capitalization and monitoring of IFH, as well PAF´s fund raising efforts and the execution of its investment strategy. Prior to joining Pampa, Mr he worked for Credit Suisse for eight years where he was a senior vice president in Credit Suisse’s Investment Banking Group in New York. During his tenure, Mr Trujillo led and participated in more than 50 M&A, structured finance, debt restructuring and capital raising transactions for leading companies and governments in Latin America, U.S. and Europe. He holds an MPA from Harvard University, and with honors a B.A. in Economics, a J.D. and a specialization in Business Law from Universidad de Los Andes.
Andres Gismondi is the Sales Director for Vestas South America and Head of Vestas Argentina. He is Argentinian with many years experience in the energy sector and part of them with Siemens. In 2012 he joined Vestas as Sales Manager Argentina and by 2015 he was promoted to Sales Director SAM and Head of Vestas Argentina. Vestas is the number one wind turbine manufacturer.
FT Contributors (4)
Neil Hume is the Commodities and Mining Editor of the Financial Times, a role he has held since September 2013. He covers the global trade of natural resources, such as iron ore, coal, copper and wheat as well as the political, social and economic aspects of the commodities industry and trading houses. Mr Hume joined the FT as senior stock markets correspondent in 2006. He also helped found FT Alphaville, the FT’s award-winning markets blog. He became editor of Alphaville in 2010 before being appointed the FT’s Australia correspondent in 2012. In addition to editing Alphaville, Mr Hume has written a weekly column for the FT and won best scoop article at the M&A International Media Awards in 2008 for his story on InBev’s takeover of Budweiser. Prior to joining the FT, he spent six years on The Guardian’s business desk. Mr Hume graduated from the University of Warwick with a degree in History and Politics.
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.
Emiko Terazono is a member of the FT commodities team based in London. She has been writing about commodities for the FT since 2011, mainly focused on agriculture. She started in the FT in Tokyo as a business reporter and has covered media, the City diary as well as editing corporate news.
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 - 28th Jun
8:00amRegistration and welcome refreshments
Neil Hume, Commodities and Mining Editor, Financial Times
9:00amOpening keynote address and conversation:
Nicolás Dujovne, Treasury Minister, Ministry of Treasury & Public Finance, Argentina
Moderator: John Paul Rathbone, Latin American editor, Financial Times
9:30amIn Conversation: The challenges and opportunities for agricultural trading houses in Latin America
Gonzalo Ramírez Martiarena, CEO, Louis Dreyfus Company
Moderator: Neil Hume, Commodities and Mining Editor, Financial Times
10:00amPanel: Leaders in Agriculture
President Trump’s pledge to tear up trade deals and impose border tariffs could have far-reaching consequences for the agriculture industry in the Americas. For many major producers such as Brazil, Argentina and others, it could offer opportunities to further expand ties with food importing countries which have traditionally relied on the US. At the same time, customers in fast-growing markets such as China and Asia, are consolidating and using their size to buy directly from producers in the Americas and other regions. International trading companies and their regional counterparts, will discuss these themes and examine the opportunities this presents as trade flows evolve. In Argentina, President Mauricio Macri’s tax reforms could be leading a shift in growers’ planting choices. What will this mean for the country’s farmers and traders?
Mariano Bosch, Co-founder and Chief Executive Officer, Adecoagro
Alejandro G Elsztain, CEO, Cresud
Luis Miguel Etchevehere, President, Sociedad Rural, Argentina
David Lacroze, Chairman, Zed S.A.
Satya Mayilswamy, President and Regional Head, Olam South America
Moderator: Emiko Terazono, Commodities Correspondent, Financial Times
11:15amPanel: Mining in the Americas
As the mining industry emerges from a protracted downturn, it is facing a new set of challenges. Workers, hit hard by years of relentless cost cutting, are now pushing for higher wages from companies still focused on strengthening their balance sheets and improving productivity. This is leading to strikes and supply disruptions for key metals like copper. The industry also needs to rebuild trust with investors and prove that it can grow again without repeating the expensive mistakes of the past. The panel will also discuss the outlook for mining in Argentina, which boasts significant deposits of lithium, one of the raw materials helping to power the growth of electric cars. In addition, much of the country remains unexplored, something that could catch the attention of international miners who are looking for new deposits.
Marcelo Alvarez, President, Argentinian Mining Chamber (CAEM) and Corporate Affairs Director, Goldcorp
David Argyle, Co-founder, Brazil Potash Corp.
Iván Arriagada, CEO, Antofagasta
Alberto Hensel, Minister of Mining, San Juan Province
John Kanellitsas, President and Vice Chairman, Lithium Americas
Moderator: Neil Hume, Commodities and Mining Editor, Financial Times
12:00pmPanel: Financing commodities in the Americas
Trade finance is the lifeblood of the commodities industry and a key part of the global economy. In this panel, senior bankers and industry executives will discuss the key trends and issues shaping the provision of commodity trade finance across the continent. What sort of tools are most suited to the region, what are the key challenges to doing business across the continent and can these be addressed? Special focus will be paid to Argentina where interest rates present a unique challenge. The panel will also examine the outlook for deal-making.
Jorge Correa, Non Executive Director, HSBC
Michael Oka, Managing Director, Head of Latin America Commodity and Structured Trade Finance Group, MUFG
Juan Pablo Trujillo, Chief Financial Officer, Pampa Capital
Moderator: Neil Hume, Commodities and Mining Editor, Financial Times
2:00pmA View from the Top
Guillermo Dietrich, National Minister of Transport, Government of Argentina
Moderator: Benedict Mander, Southern Cone Correspondent, Financial Times
2:30pmPanel: Energy in the Americas
For big oil traders, Latin America is a key area of growth. Markets are liberalising and most of the continent is dependent on imported refined fuels, which merchants can source and supply from their global networks. Argentina also boasts some of the largest reserves of oil and gas in the world. But so far production in the vast Vaca Muerta formation in Patagonia has yet to take off. Is that likely to change with oil prices back below $50 a barrel? A panel of industry executives and experts will discuss the outlook, opportunities and challenges for oil and gas in Argentina, as well as the wider region.
Richard Spies, CEO, Pan American Energy
Patricio Norris, Co-Head of Oil & Gas for Central and South America, Trafigura Group Pte Ltd
Sergio Giorgi, Vice President of Business Development, YPF
Anuj Sharma, Investment Director, Mercuria Group
Francisco Soldati, Managing Partner, Fenix Partners
Moderator: Benedict Mander, Southern Cone Correspondent, Financial Times
3:45pmPanel: A renewables hub for Latin America
Argentina is one of the windiest and sunniest places in the world. The government wants to harness this natural bounty to generate a fifth of its power from renewable energy sources by 2025 - compared with less than 1 per cent today. But how realistic is this target and how can Argentina entice the foreign investment it needs to build a thriving renewables sector and a hub for Latin America in this fast-growing industry? A panel of experts will debate this topic.
Andres Gismondi, Sales Director, Vestas South America; Head, Vestas Argentina
Sebastián Kind, Undersecretary of State - Renewable Energy, Ministry of Energy and Mines, Argentina
Mariana Schoua, President, Orazul Energy Argentina
Rafael Valdez, Director of Latin America, Envision Energy
Moderator: Emiko Terazono, Commodities Correspondent, Financial Times
4:30pmEconomic outlook: The Americas
Miguel Kiguel, Executive Director, Econviews
Robert Rennhack, Deputy Director - Western Hemisphere Department, International Monetary Fund
in conversation with John Paul Rathbone, Latin America editor, Financial Times
5:00pmClosing Keynote Address
Raul Padilla, CEO, Bunge Brazil & Managing Director, Sugar and Bioenergy, Bunge Limited
Moderator: Neil Hume, Commodities and Mining Editor, Financial Times
5:30pmClose of Summit and Networking Drinks Reception
Why Should I Attend?
- Interact with leaders of the commodities industry who have special focus and interest in the region
- Hear from an expert panel of speakers and FT journalists, bringing the most pressing issues to life through a range of panel discussions and keynote speeches
- Analyze the latest supply and demand trends in the full range of commodities; from agriculture to energy to metals
Who Will I Be Meeting?
FT Live has a reputation for delivering very senior board level audiences to attend a wide range of world class thought-leadership events across the globe.
The FT Commodities Americas Summit will be attended by:
- C-Suite, VP and Directors
- Fund Managers
- Head of Fixed Income, Currencies and Commodities (FICC)
- Market Risk Analysts
- Commodity Traders
- Heads of Commodity Procurement
Fee (US Dollars)
Standard Summit Ticket
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.
Host Partner (1)
Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Oilseeds, Grains, Rice, Freight, Finance, Coffee, Cotton, Sugar, Juice, Dairy, Fertilizers & Inputs and Metals. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 81 million tons of products. Structured as a matrix organization of 5 geographical regions and 12 platforms, Louis Dreyfus Company is active in over 100 countries and employs more than 21 000 people globally at peak season.
Gold Sponsor (1)
Brazil Potash Corp. is a private company with its base of technical operations located in Belo Horizonte Brazil and a corporate office in Toronto, Canada. Its primary focus is on exploration and development of its significant potash properties in the state of Amazonas, Brazil. The Company is positioned to capitalize on the growing demand for potassium-based fertilizers needed to grow healthy and sustainable crops in the agricultural sector in Brazil and globally. Brazil Potash Corp. holds key mineral rights to the world class, 400-kilometer long Amazon potash basin. Initial geological, seismic and borehole surveys indicate that the basin has similar scale, geological properties, and is the same age as the Saskatchewan basin in Canada. Access to important agricultural consumers and the presence of two ports within the Property boundary provide a competitive advantage to potash produced in this area relative to competitors. Brazil Potash Corp. expects to develop its extensive property in the State of Amazonas, Brazil into one of the world’s largest strategic, scalable and reliable sources of potash. Brazil Potash Corp. is an innovative, forward looking mining company with the exploration and production capabilities to delineate, finance, produce and market low-cost, high-quality potash required by a variety of modern fertilizer products.
Associate Sponsor (1)
Korn Ferry is the preeminent global people and organizational advisory firm. We help leaders, organizations, and societies succeed by releasing the full power and potential of people. Through our three unique groups – Executive Search, Hay Group and Futurestep – we are uniquely positioned to help you attract, develop and retain the great leaders your business needs to succeed.
Our extensive experience of working with Commodities clients around the world has given us a fundamental understanding of and deep insights into the complex challenges facing the sector. Korn Ferry’s network of consultants have worked with many of the world’s leading companies in Commodities and our Agribusiness practice is the largest in our industry. We offer a full range of talent solutions uniquely designed to fit the Commodities sector and include executive search and recruitment, coaching, board services, assessments, succession planning, strategy execution and organization design to leadership development, talent strategy, and rewards and benefits.
Refreshment Break Sponsor (1)
Mercuria is one of the world’s largest independent energy and commodities groups. Mercuria is present along the commodities value chain. In 2014, Mercuria completed the acquisition of the J.P. Morgan Chase and Co. Physical Commodities Unit.
More than 1,000 people are operating from offices worldwide, including a presence in Bogota, Buenos Aires, and Lima, to sustain the group’s extensive business reach in more than 50. Mercuria's expertise covers all segments of the energy market, including associated environmental products, and extends to iron ore, dry-bulk freight, base metals and petrochemicals.
The group maintains sound infrastructure capabilities, including oil petroleum products storage terminals and production assets. Mercuria has invested in upstream oil and gas assets around the world, including San Enrique in Tierra del Fuego and Mendoza, PETSA in Mendoza, and Glacco in Santa Cruz.
Recognising the ever-growing correlation between energy products, commodities and financial services, Mercuria is providing tailor made payment terms solutions ranging from prepayments to structured joint ventures with its business partners.
Supporting Partners (3)
Established in 2010, Lugano Commodity Trading Association (LCTA) is a non-profit organization based in Lugano. With this association, the commodity trading companies intend to reinforce Canton Ticino’s favorable business conditions and to pursue common goals, such as fostering personnel training, broadening domain knowledge, exchanging opinions and views. Furthermore, LCTA aims at developing a platform composed of commodity trading firms, shipping companies, banks active in commodity financing as well as all consultants and certification companies active in this business branch. In this specific context of commodity markets, Lugano also achieved an essential role – especially as regards steel, base metals, coal, oil products, gas and in part, also soft commodities. Approximately 90 companies make up commodity trading in Lugano, with important tax revenues flowing to the Canton Ticino and an increasing contribution to cantonal GDP.
Commodities Now: The print and online resource for the traded commodity markets. Since 1997 we have been developing our expertise and market connections to provide commodity market professionals and the wider investment community with dedicated research and intelligence on the commodity complex. As well as the published magazine, our online presence –www.commodities-now.com– provides updated news, key press releases, data, charts, research and reports dedicated to these markets. Commodities Now covers: Power & Energy, Industrial & Precious Metals, Agriculture & Softs, Renewable Energy, Emission Markets, Commodity Logistics, Legal, Regulatory Policy, Research & Specialist Technology.
The International Aluminium Institute is a global industry association representing over 60% of global bauxite, alumina and aluminium production. Through the IAI, the aluminium industry promotes a wider understanding of its activities and demonstrates both its responsibility in producing the metal and the potential benefits of its products in sustainable applications and through recycling .
Media Partner (3)
The most valued newspaper in economics, business and finance. It has been an undoubted benchmark for more than 100 years. It is renowned for its objectivity, seriousness and modernity. Its content is aimed at those who take business decisions professionally and corporately. Their readers, are corporate executives who consume brands, use banks and don’t have time. They invest in communication, they go on training courses and they update constantly. They do sport, travel, and drive a car. They value the visual as stimuli and have a high cultural consumption.
Such prestigious newspaper has important sections such as; Economy and Politics, a thorough understanding of the backbone of the country’s economy. Analysis of the political map;International, our view of the world; Opinion, given by top specialists who offer their point of view; Business, Investment, projects and face to face with its protagonists; Value, it covers all the news in the Market; Financial Times, Summary of the week Free Time: Cinema- TV- Theatre- Books- Restaurants; RIPE (Iberoamerican Press Network), with the most important economic and financial newspapers; Sport Business, with local and international news; Capital market, Securities, Bonds, Rates; Finance and Markets; Real Estate & Show Business.
Energía & Negocios es el primer periódico de energía del mundo. Bajo la consigna "la información bien entendida", su estilo equilibrado y su manejo profesional de la información le aseguraron el éxito inmediato que mantiene hasta la actualidad. De reconocida trayectoria en los ámbitos público y privado, Energía & Negocios informa y analiza la realidad del sector energético con un enfoque independiente y profesional. Es el líder indiscutible para todo el sector. Lo avalan las empresas y organismos nacionales y extranjeras que comunican a través de sus páginas y medios digitales.
AméricaEconomía Media Group is the only publisher that reaches all of Latin America. Through its local and international editions the magazine brings the region’s most important business news to C-suite readers from Mexico to Tierra del Fuego. This readership of over 120,000 print readers is added to by the 1,5 million unique users that visit americaeconomia.com every month. AméricaEconomía also treats its audience to live events. With over 30 years experience in the region AméricaEconmía reaches a loyal audience of over 2 million Latin American business professionals.
Exclusive PR Partner (1)
Edelman is a leading global communications marketing firm that partners with many of the world’s largest and emerging businesses and organizations, helping them evolve, promote and protect their brands and reputations. Edelman owns specialty firms Edelman Intelligence (research) and United Entertainment Group (entertainment, sports, experiential), a joint venture with United Talent Agency.
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- Featuring comments by FT Commodities Americas Summit speaker, Iván Arriagada, Chief Executive Officer, Antofagasta