While celebrating his birthday and almost as a gift, Demian Reidel received a phone call from Javier Milei last night.
It was to communicate his appointment as presidential advisor. Reidel turned 54 yesterday.
This economist and physicist, none other than the Balseiro Institute of Bariloche, had been at the Casa Rosada in the morning, according to what he himself published in a tweet.
There he expressed his opinion enthusiasm for Milei’s measures, a gesture that was interpreted by many as a reconciliation. The appointment as councilor is also a message from the president towards the economic team.
Reidel scored one explosion when, after being appointed certain president of the Central Bank by Mieli himself, he had to resign in the face of a request of the current Minister of Economy Luis Caputo.
It was one of the first crises of the government elected last November.
Reidel stated at the time dissidents with economic policy and above all with Caputo’s monetary policy design. He never elaborated on these differences.
The truth is that, given the gravity of the situation, Caputo made it a condition for taking office that Santiago Bausili was his former partner in the consultancy firm, the president of the Central Bank.
Milei, who has known Reidel for many years, had then thought of him for the Central Bank discard Emilio Ocampo and set asidedollarization, at least for now.
Reidel also arrived in Milei from hand of Federico Sturzenegger. He was its second vice-president and member of the board of directors of the Central Bank from 2015 to 2018.
During his mandate he was also the Central Bank’s representative to the G20.
No stranger to the financial world, Reidel was previously a co-founder and portfolio manager of QFR, a global macroeconomic hedge fund based in New York.
His resume shows he led emerging markets research at Goldman Sachs in New York and London, and held similar roles at JP Morgan. Furthermore, he was a lecturer at the Di Tella University as an expert in asset valuation.
Reidel is also one of few Argentine economists who earned a doctorate in economics from Harvard University, with specialization in International Economics and Finance. And she has a master’s degree in financial mathematics from the University of Chicago. He is often called an end-cash agenda fundamentalist and is a staunch defender of fiscal order.
This is one of his tweets: “Almost everyone who protests so much against the DNU has the same fear: that it will work. Because the jobs end, the country restarts and they never come back.”
Source: Clarin
