Management An experienced professional team

Claudio Porcel – Chairman & CEO

Claudio founded Balanz Capital in 2002. He holds a Bachelor’s Degree in Public Accounting from the Universidad de Buenos Aires (UBA). He is a former Director of Argencard and he is also a former Director of Banco Liniers, before the bank was sold to foreign investors.

Claudio also serves as a Senior Wealth Manager specialized in capital markets analysis and portfolio management.


Isabel Pita – Director

Isabel holds a Bachelor’s Degree in Business Administration from Universidad Católica Argentina (UCA). Isabel has more than 40 years of experience in Banking and the Financial System with proven expertise on strategy implementations, hedging strategies and portfolio management.


Octavio Bernardez – Director

Octavio has over 20 years of experience in banking and financial market. He has broad expertise in the arbitrage of Bonds, Currency, Stocks and Futures. He is an expert in options and derivatives.


Juan Carlos Bernardez - Director

Juan Carlos is one of the most experienced and well-recognized traders in Argentina’s Capital Market. Before joining Balanz, he built his career as a Trader at Banco Velox, Banco Liniers Sudamericano  and Cia. Inversora Bursátil. He is a specialist in Bond Arbitrage and FX trading.


Julio Merlini – COO

Julio holds a Degree in Economics from Universidad de Buenos Aires (UBA) and a Master in Finance from Universidad del Cema. He began his career at Banco Liniers Sudamericano and has a proven track record on Capital Markets and New Business Structures.

Mr Merlini is accountable for Balanz Finance and Administration areas.


Walter Stoeppelwerth - CIO Asset Manager & Director of Research

Walter has over 25 years of experience in the Argentine Market, including Sr. Research positions for Smith New Court and Fleming Securities back in the 1990s heyday of Argentina’s capital market. He built Latin American sell side research teams from 1992-2000 in both Argentina and Brazil, and then went on to manage two large Emerging Market hedge funds in NY from 2002 to 2012. Walter can provide insight on Argentina´s macroeconomics environment, the bond market and the outlook for the listed companies in the exchange.


Hector Capriotti - Commercial Director

Hector holds a Bachelor’s Degree in Business Administration and a Degree in Economics from UCA, and he has over 30 years of experience in the Financial Industry. Prior to joining Balanz, he was Banelco’s CEO and held different responsibilities within HSBC both at local and regional level. Prior to that he was the Commercial Director and Controller at Argencard.

He has served as Board Member at Visa Argentina, Banelco, Link, and Veraz.