Hernán Martín Pérez Redrado | |
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President of the Central Bank of Argentina | |
In office September 24, 2004 – February 3, 2010 |
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Preceded by | Alfonso Prat Gay |
Succeeded by | Mercedes Marcó del Pont |
Personal details | |
Born |
Buenos Aires |
September 10, 1961
Nationality | Argentine |
Spouse(s) | Ivana Pagés |
Alma mater | University of Buenos Aires |
Signature |
Hernán Martín Pérez Redrado (born September 10, 1961) is an Argentine economist and policy-maker. He served as President of the Central Bank of Argentina between September 2004 and January 2010.
Born Hernán Martín Pérez Redrado in Buenos Aires in 1961, he enrolled at the University of Buenos Aires and received a degree in Economics. He joined U.S. economist Jeffrey Sachs as part of his advisory board, which had been invited by Bolivian President Víctor Paz Estenssoro in 1985 to implement a restructuring of the Bolivian economy, then in crisis.
He earned a Master's Degree in Public Administration from Harvard University, and was brought on by the Wall Street investment firm Salomon Brothers, where he served as adviser on their handling of the privatizations of British Airways, British Gas plc and the French Compagnie Financière de Suez, during the late 1980s. He worked for Los Angeles-based Security Pacific Bank until 1991, in which capacity he oversaw the profit sharing plan for Enersis employees, and advised on the privatization of Telmex.
Returning to Argentina in 1991, Redrado was appointed President of the (CNV) by Economy Minister Domingo Cavallo, who had just implemented his Convertibility Plan and a far-reaching deregulation program. Coupled with the 1990 launch of an ambitious privatization policy by President Carlos Menem, these measures found Redrado overseeing a whose daily trading volume had risen around 20-fold within months. His tenure earned him the designation as Emerging Markets Committee President of the International Organization of Securities Commissions, in 1992. Differences with Cavallo over the 1993 privatization of the state oil concern, YPF, whose handling by Merrill Lynch and First Boston Redrado termed a "rip-off," led to his removal from the CNV in March 1994, however, and he established Fundación Capital, a think tank.