Axel Kicillof
Axel Kicillof

Celebrity Profile

Name: Axel Kicillof
Occupation: Economist
Gender: Male
Birth Day: September 25, 1971
Age: 49
Country: Argentina
Zodiac Sign: Libra

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
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Axel Kicillof

Axel Kicillof was born on September 25, 1971 in Argentina (49 years old). Axel Kicillof is an Economist, zodiac sign: Libra. Find out Axel Kicillofnet worth 2020, salary 2020 detail bellow.

Trivia

In 2011, he was appointed Deputy General Manager of Aerolíneas Argentinas.

Net Worth

Net Worth 2020

Undisclosed

Salary 2020

Not known

Before Fame

He was a professor at the University of Buenos Aires' School of Economic Sciences from 1998 to 2010.

Biography Timeline

1984

From 1984 to 1989, Kicillof attended the Colegio Nacional de Buenos Aires. From 1990 to 1995, he studied in the Faculty of Economic Sciences at the University of Buenos Aires (UBA). He graduated magna cum laude, receiving a Degree in Economics with a focus on the public sector. He was the top student in his class of 122. From 1997 to 2005, he pursued graduate studies at UBA, receiving a Doctorate in Economics. His doctoral dissertation, later published as a book, was titled Génesis y estructura de la Teoría General de Lord Keynes (Genesis and structure of the General Theory of Lord Keynes).

1990

Between 1990 and 1995, Kicillof worked in various advisory capacities for National Motor Vehicle Transport Commission (CONTA), Tintorerías Ecológicas Dolphin System, the Eduardo Sívori Museum (pro bono), Transportes Vidal S.A., SARTOR S.A., CALED S.A., Molinari S.A., Clínica Chirurgia Plástica, Centro Médico Bacigaluppi, Center for Education on Sexuality Research and Therapy (CETIS), Center for Urology and Male Health (CEUSA), among other clients. He was a part-time Financial and Information Systems manager at the Center for Diagnosis and Treatment of Allergies in 1990–95. He served as Research Assistant (1993) and Junior Economist at the Inter-American Center for Macroeconomic Studies from 1994 to 1995 and concurrently served as Adviser on the National Commission for Promotion and Development of Patagonia in 1994.

1997

In 1995-96 he served as Adviser to the Undersecretariat of Technical Administrative Coordination in the Secretariat of Social Development. In 1997, he acted as Technical Consultant to the Minister Secretary General of the Executive Branch in connection with the development of the government's social plan for 1998–2000. In 1997–1998, he was a consultant to the consulting firm M-Unit. In 1998 he was a Project Manager for AperNet. In 2009–2010, he served as CFO for Aerolíneas Argentinas in connection with the formulation of its business plan for 2011–2014. According to El País, he was one of several former TNT members who joined the management team of the newly nationalized airline.

2003

In 2003, Kicillof became the first Head of Practical Works and, later, Regular Adjunct Professor of Economics II in the Sociology track. He also taught economics at the Escuela Superior de Comercio Carlos Pellegrini, the Universidad Nacional de Quilmes, and the Universidad Nacional de General Sarmiento.

2010

Since November 2010, Kicillof has been an Assistant Researcher for CONICET. At the Center of Studies for the Planning of Development (CEPLAD) at the Institute of Economics Research (University of Buenos Aires), he was appointed the Deputy Director and served from 2006 to 2010.

2011

Kicillof was appointed Deputy General Manager of Aerolíneas Argentinas in 2011. That same year he was appointed to the Board of Directors of Siderar, a steel company, on behalf of the Argentine state in return for government approval of the firm's payment of $1.5 billion in dividends (the Argentine government is a substantial minority shareholder in Siderar).

President Cristina Fernández de Kirchner named Kicillof to the post of Secretary (or Deputy Minister) for Economic Policy and Development Planning in December 2011. He took academic leave to assume this post. In this position, Kicillof oversaw the controversial 2012 nationalization of YPF, the Argentine oil company then controlled by the Spanish energy firm Repsol. It was the largest expropriation in Argentina's history. He justified this action as part of a needed reversal of the Argentinian economic policies of the 1990s, when the peso had been pegged to the dollar and government assets had been sold off. In connection with his oversight of the seizure of YPF, Kicillof served as a Director of YPF SA starting in June 2012. His power at YPF was equivalent to that of a CFO. He has been called “the ideologue of the expropriation of YPF”

2012

In April 2012, Kicillof told the Argentine Congress that the country would not pay $10 billion in compensation for YPF, as demanded by Repsol. An agreement was ultimately reached with Repsol in November 2013, whereby the latter would be compensated for a 51% stake in YPF with approximately US$5 billion in 10-year corporate bonds.

2013

After that, on 18 November 2013, Kicillof officially became Minister of Economy.

On 18 November 2013, President Cristina Fernández de Kirchner named Kicillof to the post of Minister of Economy. Newsweek reported in July 2014 that Kicillof enjoyed “the full backing of Argentina’s President Cristina Kirchner.” Kicillof, for his part, according to his biographer, “believes Cristina Kirchner is much better than Kirchner.” He is also a close friend of her son, Máximo.

Laura Di Marco wrote in La Nación in November 2013 that Kicillof “is the son Cristina [Fernández de Kirchner] would have liked” Newsweek reported in July 2014 that Kicillof enjoyed “the full backing of Argentina’s President Cristina Kirchner.” Kicillof, for his part, according to his biographer, “believes Cristina Kirchner is much better than Kirchner.” He also became a close friend of her son, Máximo.

2014

When Argentina devalued the peso in January 2014, Kicillof placed blame on the exchange-market speculation by Juan José Aranguren, head of Shell; later in the year, when the peso was at its lowest ever position in relation to the dollar, he blamed “vulture funds” from the United States.

El Pais reported in August 2014 that Kicillof had recently prevailed over the president of the Central Bank, Juan Carlos Fabrega, in two debates, including the question of whether to pay holdout creditors. El Pais stated that Kicillof had become “one of the most powerful officials” in the Fernández de Kirchner government and that he now not only ran the Ministry of Economy but also wielded considerable influence over other ministries and executive agencies.

Kicillof told the Senate in 2014 that “There is a global consensus that there is no default in Argentina” and that “There is no economic or financial reasons why the dollar is at 15 pesos.” Nevertheless, international debt-rating agencies such as Standard and Poor's published indications of Argentina's default status.

Kicillof was a central figure in the 2014 dispute with holdout bondholders, particularly with NML Capital Limited, the Cayman Islands-based hedge fund demanding US$832 million for Argentine bonds purchased for US$49 million in the secondary market in 2008. Argentine debt restructuring initiated in 2005 had been accepted by over 92% of bondholders, and these bonds had been serviced on schedule since then. A 2014 ruling by a District Court Judge Thomas Griesa blocked bondholders' payments for New York-issued bonds. The ruling, which granted holdouts above-market demands, had the contractually-stipulated effect of stopping payments to bondholders until holdout demands were met and in turn led to demands from restructured bondholders (the 92%) that their payments be released.

On 3 July 2014, Newsweek reported that Argentina was “pinning its hopes on the star power and persuasive skills of its young economy minister, Axel Kicillof, to broker an 11th-hour deal.” Noting his refusal to meet with the holdout creditors, who were based in New York, Newsweek stated that “even after a U.S. judge appointed mediator Daniel Pollack to assist Argentina in forging a long-awaited settlement with its unpaid creditors, Kicillof traveled to New York in late June – but only to give an explosive speech at the U.N. lambasting the U.S. courts for driving Argentina’s economy to the brink.” Meanwhile, Kicillof kept the holdout creditors “dangling.” “Even if it was not a deliberate move to tweak Argentina’s inflamed creditors,” stated Newsweek, Kicillof's trip to New York and speech at the U.N. “worked: for the past 30 days, hedge funds such as Elliott have stepped up the urgency of their rhetoric, exhorting Argentina in editorials and emails to the press to come to the negotiating table.”

In June 2014, federal prosecutor Eduardo Taiano charged Kicillof with irregularities in the management of funds for the airport regulatory agency (ORSNA) while he was director of Aerolíneas Argentinas. Taiano was also investigating the airline's president, Mariano Recalde, saying that the two men had practiced systematic misappropriation. The charges were not admitted in court.

In October 2014, Kicillof was denounced for his purported links with the Latam Securities Investment Fund (Latam). According to journalist Marcelo Bonelli, Kicillof, through his deputy, Emanuel Álvarez Agis, had ordered the Central Bank to give Latam special treatment. Because of this directive, Latam was able to purchase 200-300 million dollars in bonds directly from the Central Bank. Bonelli noted that Kicillof had close ties to Diego Marynberg of Latam, and that Álvarez Agis had close ties to UBS Investment Bank official Jorge Pepa, who handled the Latam transaction while at UBS and who, some months later, was hired by Marynberg at Latam.

2015

On 10 March 2015, La Nación reported that Kicillof had been “accused of 'occupational fraud' in his own ministry.” Some 200 students who had IT jobs in the Ministry of Economy and who were being paid through their university had published a petition online accusing Kicillof of giving them “precarious” positions and said that within a few days they would issue a court injunction against him.

Family Life

Axel was married to Soledad Quereilhac. 

🎂 Upcoming Birthday

Currently, Axel Kicillof is 50 years, 0 months and 26 days old. Axel Kicillof will celebrate 51st birthday on a Sunday 25th of September 2022. Below we countdown to Axel Kicillof upcoming birthday.

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