The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Latin America: MBA looks to graduate with regional honours

The Argentine local investment bank says it wants to become the region’s number one. It’s a bold aspiration for a firm in a country still recovering from crisis. Lawrence White visits Buenos Aires to find out how the bank plans to do it.

IT’S A SCORCHING February afternoon in Buenos Aires’ Plaza de Mayo, and even the protesters seem exhausted. Evita and the Peronists once gathered here; the place has seen bombings, riots and countless rallies, but today’s demonstration against unemployment is tempered by the oppressive heat. It has been five years since Argentina defaulted. Although today’s weary flag-wavers and drum-beaters are correct in proclaiming that poverty is still rife, it is also true that president Néstor Kirchner has just overseen four consecutive years of 8%-plus growth. The debt to the IMF has been repaid, and as Argentina renegotiates its relationship with the international capital markets there are signs that its domestic markets are awakening from their own torpor. In the huge open-plan office at the heart of MBA Inversiones, an Argentine investment bank partnered with Lazard, teams of bankers loosen their ties and work the phones furiously: ignore the heat, there’s money to be made.

"Our aim is to be the best investment bank in south and central America," says Santiago Alsina, the bank’s director of corporate finance. Brazil is excluded from this ambition: Lazard operates on its own there, and, Alsina says, it is a "tough market, the tax structure’s a nightmare and it’s hard to get results.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree