They seek to “dethrone” the historic leader of the Buenos Aires Stock Exchange

Adelmo Gabbi is one of the most influential figures with the longest experience in the Argentine financial system. Currently, and for several periods (with some interruptions due to renewal of mandates), he has served as president of the Buenos Aires Stock Exchange (BCBA).

At 82 years old, Gabbi needs no introductions in the 25 de Mayo and Sarmiento areas, and its validity has gone through the political cycles of Argentina. The eternal president of the Buenos Aires Stock Exchange—a position he has held almost uninterruptedly for decades—is much more than an institutional manager; He is the latest exponent of a line of investors who learned to read the market before the alphabet.

The Buenos Aires stock market currently has more than 3,200 membersalthough a good part of these are already of advanced age. Therefore, they estimate that they will vote actively in the elections at the end of the month. about 800 people. Voting becomes important when you remember thatThe Buenos Aires Stock Exchange is one of the business chambers that makes up the Group of Six (G6), which in practice is the interlocutor of the private sector in dialogue with the Government.

Collazo was Adelmo Gabbi’s right-hand man for years. He is the owner and founder of Intervalores, one of the brokerage companies (now Liquidation and Clearing Agent – ALyC) with the most tradition in the local market. He is a “bred trader” and like Gabbi, began trading in the stock market at a very early age.

Collazo is now promoting, together with other partners, a list that seeks, at least, the alternation of names on the Steering Committee of the Buenos Aires stock exchange. In accordance with the institution’s statute, every year the members vote to renew one third of the Board of Directors, made up of 48 regular and alternate members, and regular and alternate auditors. Subsequently, the Board of Directors elects the Board of Directors. In the last 21 years, the same authorities have been elected successively, they say in the Stock Exchange.

“After more than two decades without alternation, we consider that It is time to incorporate new perspectives, new members and new ideas.consistent with the Argentina that is coming. “It is not a question of proper names, but of strengthening the institutions and ensuring that the Buenos Aires Stock Exchange once again actively represents the sector before the national, provincial and municipal governments, as well as recovering an active voice in local and international business spheres,” he states. Federico Desprats, associate economist at Invervalores Group.

Yes ok the formal list has not yet been presentedsince the deadline for this expires on April 23, suitable professionals, academics in the area, agents and partners with experience were invited to join it. “The sector must rise to the country’s challenges, and the Stock Exchange must once again occupy a central role as a representative institution of the capital market,” says Desprats.