11/20/2020 18:44
Clarín.com
Economy
Updated 11/20/2020 6:57 PM
Jorge Horacio Brito
, who died on Friday, November 20,
built his economic power from a financial company
that began to function in the 70s, always associated with his right hand, and brother-in-law,
Delfín Ezequiel Carballo
.
The dizzying growth of those years drove Macro Compañía Financiera to carve out strong in the
financial
city
.
With solid contacts with political power, in 1987 Brito and Carballo created Banco Macro.
The shareholders included radical leaders such as
Mario Brodersohn and Chrystian Colombo
.
In the 90s -after the Tequila effect- a first expansion took place with the purchase of provincial banks.
Thus, the Macro acquires an important presence in Salta, Tucumán, Jujuy and Misiones, by becoming a financial agent of these provinces.
Jorge Brito.
Photo Emmanuel Fernández
After the fall of convertibility, a second expansion of the Macro took place, with the purchases of the Bansud banks and part of the Scotia the Nuevo Banco Suquía, the Banco Empresarial de Tucumán, the Nuevo Banco Bisel, the one in Tucumán and the Private Bank of Investments.
This growth of the bank went hand in hand with its solid ties to political power.
In this context of post-convertibility crisis, Brito forces a rupture of the Association of Argentine Banks, recreating Adeba, the chamber that will bring together private banks with national capital.
In those years -2002- he was one of the standard-bearers who promoted the recreation of a national bourgeoisie.
During Kirchnerism, it was
linked to financing the purchase of the Ciccone company
through the Old Fund.
This connection with former vice president Amado Boudou caused a schism in the Macro leadership, so much so that Carballo distanced himself for a time from running the company.
Today
Boudou was the first to fire him publicly.
The president in use of license of Banco Macro, Jorge Brito, leaves the federal courts of Comorodo Py.
The flagship, Banco Macro, landed on Wall Street with its shares in 2006. The bank's market valuation approached $ 10 billion at the end of 2017, a peak from where it fell to $ 1.8 billion today.
During the second term of Cristina Kirchner, and faced with the impossibility of distributing dividends in dollars, she invested more than
40 million dollars in raising the Puerto Madero tower
where she moved the central bank, which forced Brito to leave the historic offices de Sarmiento between Maipú and Esmeralda.
His personal fortune was changing to the rhythm of the rise and fall of the Macro.
In 2017, Forbes magazine calculated that his wealth was close to $ 1.8 billion, placing him as one of the richest men in Argentina.
The consolidation of the financial business allowed Brito to expand into other businesses.
The late creator of Banco Macro ventured into the agricultural, energy and real estate businesses.
The hands of the banker who owns Grupo Macro.
Photo Emmanuel Fernández.
In the agricultural sector, through Inversora Juramento, owner of nearly 100,000 hectares, many of them in the north.
It also owns the Bermejo SA frigorifico and the Cabaña Juramento butcher chain.
It has one of the largest feed-lots in the country.
It had a total of 88.00 hectares in the Salta area of Joaquín V. González.
His foray into agriculture began in 1992 when he set foot in livestock production.
He also had his own cabin called "Oath" with Brangus and Braford genetics.
In the energy sector, it owns 25% of the renewable energy firm Genneia.
Jorge Jr. is its president.
He did business in the real estate sector through the Visora company, where he placed his daughter, Milagros, as CEO.
In 2014 Brito himself took the reins of a negotiation to prevent Argentina from falling into default due to the vulture funds.
The unofficial story says that Brito had reached an agreement to
settle a sentence handed down by former judge Thomas Griesa
, but that former president Cristina Kichner sank it at the last minute.
Brito declared himself a Peronist, and as such he was very enthusiastic about the victory of Alberto Fernández.
In January of this year, before the pandemic, he considered that the government was "on the right track."
He considered that after the bad economic situation that had remained from the government of Mauricio Macri, "rebuilding the productive apparatus and the real salary will not be easy."
In those days he affirmed that President Fernández "is on the right path to get to what we need as a country, to have people who have decent wages again."
The understanding with the Government turned to a strong rejection of the official decision to promote the tax on large fortunes.
Days ago he had predicted that the approval of said tax would generate a "fiscal rebellion."
PJB
Look also
Banker Jorge Brito died when his helicopter crashed in Salta
The last interview with Jorge Brito and his criticisms of the large fortune project: "It will create a fiscal rebellion like never seen before"