Peru
News

Former finance minister to head Lima stock exchange

Bnamericas Published: Monday, April 08, 2019

Former Peruvian finance minister Claudia Cooper was appointed president of the Lima stock exchange (BVL), underscoring a growing trend of former ministry officials lining up prime jobs in capital markets.

Cooper formerly served as finance minister for seven months until March 2018, when then-president Pedro Pablo Kuczynski and his entire cabinet resigned. She replaces Marco Antonio Zaldívar, who had headed the exchange since September 2016.

Cooper, who holds a PhD in economics from New York University, formerly worked at Banco de Crédito del Perú (BCP) and Santiago-based investment fund Compass Group and was a consultant for the Inter-American Development Bank (IDB).

The Lima exchange has been struggling in recent years to increase trading volumes and attract more IPOs. The exchange's general index IGBVL fell 3.1% last year as mining stocks slumped 20% and trading volumes fell by half to 11.146bn soles (US$3.392bn).

Real estate investment fund Fibra Prime launched an IPO on the BVL last August, marking the first new stock on the exchange since 2012. Mining exploration firm Rio2 later listed on the Lima venture exchange.

Cooper's incorporation into the BVL comes after her predecessor Fernando Zavala was named CEO at Interbank in January. Another former finance minister, David Tuesta, was appointed director of strategic affairs at Caracas-based multilateral lender CAF last year.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: El Pilar
  • Current stage: Blurred
  • Updated: 4 days ago

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Tars Holding, S.A.P.I. de C.V.  (Axity)
  • Axity, formerly called Getronics Holding Mexico, is an ICT company born from the merge of the Mexican firm Intellego and the Mexican and Colombian branches of Getronics. Axity s...
  • Company: Grupo GTD
  • Grupo GTD is a Chilean holding company for telecommunications providers with a focus on large and small and medium businesses (SME), government institutions and the residential ...
  • Company: Empresa Construtora Brasil S.A.  (ECB)
  • Empresa Construtora Brasil S.A. (ECB) works on engineering and construction of projects on road, railway, urban, industrial, port and airport, civil and mining infrastructure, n...
  • Company: Mercantil Commodity S.A.C.
  • Mercantil Commodity S.A.C./Mercantil S.A. has 35 years of experience in distribution of sodium cyanide in Peru and Latin America. The company was the first in Peru to work under...
  • Company: Ingersoll Rand, Inc.  (Ingersoll Rand)
  • Ingersoll Rand is a diversified global company that manufactures flow control products. Through different brands, the company offers air compressors, oil-free compressors, oil-i...
  • Company: United Telecommunication Services N.V.  (UTS)
  • United Telecommunication Services N.V. (UTS) is a parent company founded in 1999 which operates telecommunication firms in the Caribbean; offering mobile services which include ...