Overview
- Luis Caputo announced on Nov. 3 via X that Alejandro Lew will replace Pablo Quirno as finance secretary, with Lew expected to take up the post in the coming days.
- Lew’s first test will be managing large peso rollovers, including Treasury auctions of about ARS 14.1 trillion on Nov. 26 and ARS 12.6 trillion on Dec. 11 reported by local media.
- Planning for 2026 is central to his mandate, with press reports citing roughly US$4.5 billion due to the IMF and about US$2.8 billion in global bond maturities.
- The economist previously served as BCRA vice president II until July 2024 (resignation formalized by decree 657/2024) and held senior roles at JP Morgan, HSBC, YPF, 360° Energy and Genneia.
- His 2023 departure from YPF followed accusations over a pre-runoff fuel shortage that outlets note are contested, while the government highlights his market-facing experience.