Who is Demian Reidel, the new head of the Economic Council who will advise Javier Milei

Demian Reidel finally has an “official” place in the government. Javier Milei announced on Thursday that the 54-year-old economist and physicist, who has already worked alongside him, will lead a Presidential Economic Council.

It will be a group of economists who, in parallel with the Treasury team working with Luis Caputo, with whom Reidel had dissent– they will advise you at Casa Rosada, “with the idea of ​​thinking outside the box”. Reidel was official during the government of Mauricio Macri.

There will also be among the members of the Council Ramiro Marrawho was just ousted as head of the La Libertad Avanza bloc in the Buenos Aires legislature.

In December, when the key positions of the new government were being defined, Reidel looked strong for the Central Bank, position he ended up occupying Santiago Bausili, Caputo’s former partner in his consulting firm.

“I want to thank Mr. President @jmilei for his trust in putting me at the head of the new Council of Economic Advisers of the President. It is an honor and a privilege for me to be able to contribute my efforts to think about the Argentina of the future,” he wrote Reidel online. social X, after the designation. From spokesperson Manuel Adorni to economists Iván Werning and Sebastián Galiani.

The President in turn also welcomed him to X: “Welcome among the forces of heaven…!!!”, he wrote, quoting his tweet.

Milei has known Reidel for years, where he was 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 the 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.

Marra’s thanks

After the announcement of the new Council, Ramiro Marra also came out to thank for the appointment.

“I want to thank President @JMilei for proposing me to join his Council of Economic Advisors, it is a commitment that I decide to make with great honor and responsibility. We will continue to work together to achieve a better Argentina. LONG LIVE FREEDOM !” writes the former head of government candidate of La Libertad Avanza.