Mr. Büchi, 54 years old, (March 06, 1949), Civil Engineer, Universidad de Chile, MS Engineering, Columbia University, New York.

Mr. Büchi has served for the government of Chile as Undersecretary of the Economy (1979-80), Undersecretary of Health (1980-83), Minister of Planning (1983-84), Superintendent of Banks and Financial Institutions (1984-85) and Minister of Finance (1985-89).

During all this period the Chilean economy was structurally transformed through the promotion of private initiative, free markets and an export oriented strategy. The external debt crisis was successfully managed and confronted before any other country in the region and Chile was a world leader in the origination of a deep and revolutionary process of privatization, not only of public enterprises but also of the social security system, and health insurance systems, that were later used as model in other Latin American countries. As a result, it was possible for the Chilean economy to exhibit a sustained increase in exports, domestic savings and investment as a fraction of GDP, and to achieve a general high standard of efficiency. In essence, the foundations for the era of continued and sustained growth and success of the Chilean economy was created under his direction and continues unstopped until today.

Mr. Buchi also in its capacity as public official (1979-89) was Chairman of the Board and/or Member of the Board of several Public Enterprises such as ENDESA (power company), CAP (steel), IANSA (sugar), FFCC (railway) and CTC (telephone company), Codelco (Mining).

In 1989 he was Candidate for the Presidency of Chile.

In 1990 Mr Buchi founded and is currently a Chairman and Member of the Board at the Instituto Libertad y Desarrollo (an independent Chilean think-tank for public policies). He is also the Chairman of the Board of Trustees and professor at the “Universidad del Desarrollo”.

Since 1990 Mr. Buchi has advised a number of different governments of Latin America, Eastern Europe and Asia on the design and management of economic policy. Also, he is a member of the board of some of the most important private companies in Chile, including Falabella one of the biggest retail companies in South America, Soquimich the world leader in the production of natural nitrates and the holding company of Luksic Group one of the main economic groups in Chile.

Nicolas Aguzin, Managing Director
JPMorgan, Head of Latin America Advisory Group
New York, USA

Mr. Aguzin joined JP Morgan in 1990 as a financial analyst. In mid 1990, he moved to JP Morgan’s Buenos Aires Office. In 1991, he moved back to New York, where he worked in the Corporate Finance Services group focusing primarily on cross border mergers and acquisitions for U.S. clients. In 1992, Mr. Aguzin returned to the Buenos Aires Investment Banking Unit where he participated in several capital markets and advisory transactions. In 1996, he moved to the Mergers & Acquisitions Group in New York, with primary responsibility for the Latin America Consumer Industry Group. In 2000, Mr. Aguzin was appointed Managing Director and Head of the Latin America Mergers & Acquisitions group. In 2002, Mr. Aguzin was appointed Head of Latin America Investment Banking Advisory. Latin Finance has named Mr. Aguzin one of the most influential and prominent bankers of the past 15 years in Latin America’s financial sector. Mr. Aguzin has consistently placed JPMorgan as the #1 Investment Bank for Latin American M&A transactions, having executed over $142 billion in M&A deals since 1990.

Some of the most important transactions in which Mr. Aguzin had an active role were:

• Advised Corporacion Jose R. Lindley on its acquisition of Embotelladora Latinoamericana (Peru, 2004)
• Advised Petrobras Energia on the sale of its forestry division to Alto Parana (Argentina, 2004)
• Advised Falabella on its merger with Sodimac, creating the largest multiformat retailer in Latin America (Chile, 2003)
• Advised PanAmerican Beverages on its sale to Coca-Cola Femsa, creating Latin America’s largest bottler and the world’s second largest Coca-Cola bottler (Regional, 2003)
• Advised Empresas Polar on the sale of its participation in Cervecerías Peruanas Backus & Johnston to Bavaria (Venezuela/Peru, 2002)
• Provided advise to Perez Companc on its corporate restructuring which resulted in the sale of a controlling stake to Petrobras (Argentina/Brazil, 2002)
• Advised the Techint Group in the combination of Siderca, Tamsa, and Dalmine under Tenaris to create one of the leading seamless pipes producer in the world (Regional, 2002)
• Advised Kraft on the sale of its Latin American yeast business to Burns Philp (Regional, 2002)
• Advised Laboratorios Chile on the sale to Ivax (Chile, 2001)
• Advised Procor, Argos and Arma on a three-way merger to create Mexico’s second largest Coca-Cola bottler (Mexico, 2001)
• Advised Corporacion de Supermercados Unidos on its merger with Paiz-Ahold to create the largest retailer in Central America (Central America, 2002)
• Advised Sociedad Punta de Lobos, a leading salt producer, on the sale to Prospecta and CVC (Chile, 2001)
• Advised Arcor on the sale of its flexible packaging operations to BOPP Holdings (Argentina-Brazil, 2000)
• Advised Backus & Johnston on the acquisition of Cervesur (Perú, 2000)
• Advised Almacenes Exito, Colombia’s leading retailer, on selling a 25% participation to Casino S.A. of France (Colombia, 1999)
• Advised Almacenes Exito on their acquisition of a controlling equity participation in Cadenalco, Colombia’s second largest retailer (Colombia, 1999)
• Advised Danone on the acquisition of the remaining shares of Bagley through a public tender offer (Argentina, 1999)
• Advised Inca Kola on a partial sale to The Coca-Cola Company (Perú, 1999)
• Advised Alpargatas-Santista on the partial acquisition of Machasa. (Chile-Brazil, 1999)
• Advised Arancia in the sale of a controlling stake in Arancia-CPC to Corn Products (Mexico, 1998)
• Advised Aetna on the acquisition of AMSA (Argentina, 1998)
• Advised Arcor on the acquisition of Dos en Uno, Chile’s leading confectionery company (Argentina-Chile, 1998)
• Advised Glencore on the acquisition of 51% of Oleaginosas Moreno, an Argentine company which is the world’s leading producer of sunseed oil (Argentina, 1998)
• Advised Arcor on the acquisition of Koppol, a Brazilian company which was owned by Montell and Suzano (Brazil, 1997)
• Advised Unilever on the sale of its cheese subsidiary in Chile, Dos Alamos, to Soprole (Chile, 1997)
• Advised Eduardo Elberg in the sale of a controlling stake in Santa Isabel, one of Chile’s leading supermarket chains, to Velox Investments (Chile, 1997)
• Advised Cargill in the sale of its Argentine frozen food division, Granja del Sol, to Molinos Rio de la Plata (Argentina, 1996)
• Advised Coca Cola FEMSA in the acquisition of SIRSA and the recapitalization of its Argentine subsidiary. (Argentina, 1996)
• Advised ICI in its acquisition of Bunge Paints (Brazil-Argentina-Uruguay, 1996)
• Advised Nabisco in the acquisition of the remaining 28% shares in Terrabusi through a public tender offer (Argentina, 1995)
• Advised Alpargatas in the creation of joint venture with Greenwood Mills for its Textile Division (Argentina, 1994)
• Advised the Techint group in the privatization of Somisa, the largest flat steel company in Argentina (Argentina 1993)
• Advised in the valuation and divestiture of various assets belonging to Maxwell Communications Group. (US-UK, 1992)

Mr. Aguzin is an Argentine citizen and is fluent in Spanish and English. He graduated in 1989 from the Wharton School of the University of Pennsylvania with a B.S. degree in Economics.

Paulo Leme is a Managing Director of Emerging Markets Economic Research for Goldman, Sachs & Co, covering Latin America, Eastern Europe, Africa, and Middle East. He coordinates a team of economists developing macroeconomic and sovereign credit risk analysis for emerging markets, exchange rate forecasting, and recommended country allocation for emerging market fixed income portfolios. The research team publishes a bi-weekly Latin America Economic Analyst report, an Emerging Markets Economic Quarterly, a daily emerging markets electronic news update. and special country studies.

Before joining Goldman, Sachs & Co. in October 1993, Mr. Leme worked as a Senior Economist at the International Monetary Fund for nine years, where he gained a broad experience with economic stabilization programs and external debt restructuring issues in Latin America, Africa, and the Middle East. In that occasion he was responsible for the Brady-debt restructuring of Venezuela and Jordan, and participated in the restructuring of the external debt of Ecuador, Guinea Bissau, Jordan, and Mozambique with Paris Club creditors.

Mr. Leme has a Masters degree and an A.B.D. in economics from the University of Chicago, where he also taught at the College. He also graduated in electrical engineering from the Universidade Federal do Rio de Janeiro in Brazil.

Diana Mondino
Latin America region head for Credit Market Services, Standard & Poor's

Diana Mondino is Latin America region head for Credit Market Services. As Office Head in Argentina, she was instrumental in the growth of the Standard & Poor's franchise. Prior to that, she was principal and one of the founding members of the leading credit rating agency in Argentina which Standard & Poor's acquired in 1997.

Previously Diana held various advisory positions in marketing and strategic planning for local companies and was dean of studies for the M.B.A. program at CEMA - Buenos Aires. She reports to Vickie Tillman, executive vice president, Credit Market Services.

Diana holds an M.B.A. from Instituto de Estudios Empresariales, in Spain. She received her B.A. in Economics from University of Cordoba, Argentina.

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Charles Calomiris Columbia University Charles W. Calomiris is Paul M. Montrone Professor of Finance and Economics at the Columbia University Graduate School of Business and a Professor in the Department of International and Public Affairs at Columbia University's School of International and Public Affairs. He co-directs the Project on Financial Deregulation at the American Enterprise Institute, is a member of the Shadow Financial Regulatory Committee, is a Research Associate of the National Bureau of Economic Research, and is a Senior Fellow at the Council on Foreign Relations. Professor Calomiris served on the International Financial Institution Advisory Commission, a Congressional commission to advise the U.S. government on the reform of the IMF, the World Bank, the regional development banks, and the WTO. His research spans several areas, including banking, corporate finance, financial history, and monetary economics. He received a B.A. in economics from Yale University in 1979 and a Ph.D. in economics from Stanford University in 1985. Professor Calomiris is the recipient of research grants or awards from the National Science Foundation, the World Bank, the Japanese Government, the Herbert V. Prochnow Foundation, and the Garn Institute of Finance. In 1995 he was named a University Scholar at the University of Illinois, where he served as Associate Professor of Finance and Co-Director of the Office for Banking Research. He is a member of the editorial boards of the Journal of Banking and Finance, the Journal of Financial Services Research, the Journal of Financial Intermediation, the Journal of Economic History, the Journal of Economics and Business, and Explorations in Economic History. Professor Calomiris serves or has served as a consultant to many governments, agencies and firms, including the Federal Reserve Banks of New York, Chicago, Cleveland, and St. Louis, the Federal Reserve Board, the World Bank, the governments of Mexico, Argentina, Japan, China, and El Salvador, the States of Massachusetts and Connecticut, Bank of America, The Limited, and the law firms Wachtel, Lipton, Rosen & Katz, Fenwick & West, and Mayer, Brown & Platt. He also serves as Chairman of the Board of Greater Atlantic Bank, a publicly held bank with branches in the Washington D.C. metropolitan area. Professor Calomiris designed (with David Beim) and teaches a new MBA and Executive MBA case course on emerging market financial transactions, which won the 1997-1998 Chazen International Innovation Prize at Columbia Business School. Professor Calomiris also teaches a course for senior World Bank managers on "Bank Regulation and Exchange Rate Policy in Developing Economies," and teaches a course in the executive education program at the International Monetary Fund on the same topic.

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Bruce Greenwald Columbia University Professor Greenwald has worked in the areas of market mechanics, corporate finance and managerial economics, and his current research centers on asymmetric information problems in equity pricing and value investing strategies. He teaches the core course Corporate Finance, the elective Economics of Strategic Behavior and an advanced seminar on value investing. Greenwald received the 1997 Margaret Chandler Award for Commitment to Excellence in teaching, and in 2000 he became the first professor from the School to win the Presidential Award, which honors great teaching at the University.

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