ARIEL AGUSTIN PICCO Guemes 3355, piso 35, departamento 5(CP 1425) , +54 9 11 3 324 5433 - [email protected]

WORK EXPERIENCE

May 2016 – Present: Allaria Ledesma & Cía Sociedad de Bolsa largest Stock Broker Agency in Argentina, Bank of New York´s strategic broker partner in Latin America (Argentina, Chile, Uruguay). Financial Consultant of Private and Public Companies & Independent Stock Broker Corporate Assessment:

• Market trends interpretation, custom-fit and strategical development to comply with financial goals for both individuals and corporate clients´.Investment and of surplus money in personalized portfolios. • Debt structuration (debt issue and management ) • Mergers and Acquisitions. Co-working strategies development with Prefinex Investment Banking. • Loan financing and fund raising consultancy on both national and international capital and banking mar- kets. • Counseling in fiscal sincerity process through tax cancellation with national bonds ( 27260). • Inflow and outflow of foreign currency throughout the sale and purchase of ADR (American depositary receipts) and international bonds. Especially under the government of Kirchner and the consequent stop in foreign currency flow for international companies. • Strategic advice in future market´s operation (Rofex, Forex and MAE), financial options and others de- rivatives. • Ad Hoc reports for clients regarding different economic scenarios. Mercosur’s situation, reports regar- ding the international status (USA,UE), depreciative forecasting of Argentinean and Brazilian economy, amongst others. • Throughout my two years experience working as an Independent Financial Consultant and operating with Allaria Ledesma Consultancy Firm, I accomplished the management of a 33.5 USD million va- lued portfolio, having the objective of preserving client’s investments.

Jun 2013 - May 2015: Price Waterhouse & Cooper (PwC) largest professional services firm in the world, and one of the Big Four Auditors. 223000 employees in 157 countries. Senior Associate M&A - Corporate Finance/Advisory Division

• Full develop and follow up of strategies related to deals in merger and acquisitions, joint ventures, stra- tegic alliances and investor search and selection. • Participation in debt restructuring processes, including the arrangement and negotiation of payment schemes and collateral packages, based on financial models. • Capital incorporation process from the foreign mother company to its argentinian subsidiary. • Analysis and identification of the most suitable financial alternative for each project. • Search of new sell- side customers for M&A opportunities. • Business valuation throughout DCF method (Discount Cash Flow) y multiple method. • Mentored and developed 1 junior analyst rotating through company as part of “PwC young professionals program”. Helped her develop valuation models related to Argentinian and foreign companies.

Oct 2011– Oct 2012: United States Embassy Buenos Aires National embassy of the U.S Government Analyst - Economic Department

• Created and developed monthly and yearly statistical report related to the most relevant macroecono- mic Argentinian variables. • Created and developed of “highlight”, a one page report with the most relevant information and events of the month related to Argentinian and US , both in english and spanish version. • Participated in preparation and research on topics for conferences including evolution of market capita- lization in LATAM, sustentability in banking system and energy sector, and financial volatility in region. • Monthly report elaboration concerning the bilateral trade between USA and Argentina. • Direct contact with senior managers and CEO´s of various economic sectors through accompanying the economic counselor John Fennerty (from whom I possess a recommendation letter). • Financial markets analysis plus weekly presentations to senior ranked members and to the economic counselor (John Fennerty) of the ambassador Vilma Martínez. TEACHING EXPERIENCE

• Aug 2015 – Present: Finance II Assistant Professor, 4th Year Bachelor in , Pontifical Catholic of Argentina. • Oct 2015: Visiting profesor for the “Tópicos de Economía/ Economy Topics Course”, 4th Year Bachelor in Law, Austral University. • Nov 2016: Lecturer & Chief Economist in charge of the "Investments 2017" cycle at the Buenos Aires Stock Market, Economic Science Professional Council of Buenos Aires and Economic science Professional Council of Santa Fe Province.

EDUCATION

• 2017:Winner of the Chevening scholarship awarded by the British Council for masters and doctoral stu- dies in the United Kingdom. • 2016- Present: PhD in Finance, University of CEMA (UCEMA), Argentina • 2013-2014: Master in Finance, University of CEMA (UCEMA), Argentina • 2009-2013: Bachelor degree in Economics, Pontificial Catholic University of Argentina (UCA), Argentina • 2012:European Political Economy Seminar - Università degli Studi di Milan, Italy • 2011: Foreign Trade Seminar- Università Commerciale Luigi Bocconi- Milan, Italy • 2010 & 2016: Expert Program in Capital Market, Argentinean Institute of Capital Market (IAMC), Argen- tina

OTHER QUALIFICATIONS

• Bank Of New York Operator Agreement, USA • Morgan Stanley Operator Agreement, USA • Certified Agent by National Commission of Investment Fund (CAFCI), Argentina • Stock Broker License certified by National Securities Commission (CNV), Argentina • Letter of Recommendation from Ambassador Vilma Martinez (Ex-US Ambassador in Argentina) • Letter of Recommendation from Martin Azcárate (President of Prefinex Investment Banking) • Letter of Recommendation from Alejandro Bianchi ( President of CFA Society Argentina & Uruguay) • Letter of Recommendation from Guillermo Sabbioni ( Economic Director of UCA)