* Today, BYMA held its 8th General Shareholders’ Meeting, during which three new board authorities were elected, and the payment of a significant dividend for its shareholders was announced.
* Subsequently, the newly elected Board of Directors appointed Claudio Zuchovicki as the new Chairman, with Ernesto Allaria assuming the role of Vice Chairman.
Today, BYMA (Bolsas y Mercados Argentinos) held its eighth Shareholders’ Assembly, where thre new board members were elected, and the payment of a significant dividend to shareholders was announced.
Afterward, in the first Board meeting following the Assembly, the Board designated a new Chairman: Claudio Zuchovicki, accompanied by Ernesto Allaria as Vice Chairman.
These developments reflect BYMA’s ongoing evolution of the capital market ecosystem since its inception in 2017.
ASSEMBLY, DIVIDENDS, AND BOARD MEMBERS
BYMA’s 8th Shareholders’ Assembly included key events such as:
- Management presentation
- Financial statements as of December 31, 2024
- Approval of two cash dividends:
- The first: ARS 150 billion to be paid in USD during April
- The second: Up to ARS 50 billion to be paid by December 31, 2025
An increase in capital through a stock distribution (i.e. stock split) of 1 new share for each existing share held was also confirmed.
Additionally, key corporate initiatives were presented that will shape the company’s direction for the current fiscal year. Board and supervisory body members were elected.
Regarding BYMA’s 2024 performance, CEO Gonzalo Pascual Merlo stated:
“2024 was a turning point for the Argentine capital market. We ended the year with over 16.5 million investor accounts in our Caja de Valores. We raised the bar in terms of technology, innovation, efficiency, education, and access to financing. With new products, developments, solutions, and partnerships with global leaders, we brought world-class technology to the local market. BYMA not only transformed itself but also propelled the growth of Argentina’s financial ecosystem, bringing it closer to the whole society. The figures show an increasingly tangible link between the capital market and the real economy. We continue building a strong, consistent foundation for Argentina’s economic development.”
BOARD MEMBER APPOINTMENTS
During the Assembly, board members for the next term were elected, with some structural improvements:
- The number of board members was reduced from 12 to 11
- 3 new directors were elected instead of 4
New Members and Alternates:
Directory
Chairman: Claudio A. Zuchovicki
Vice President: Ernesto Allaria
Board Members
- Marcelo A. Menéndez
- Gabriel Martino*
- Alexander Zawadzki
- Luis E. Álvarez
- Roberto D´Avola
- Silvia Abeledo
- Andrés M. Edelstein*
- Ricardo Torres
- Alberto Ubertone
Deputy Directors:
- Juan Martín de la Serna
- Mateo Brito
- Gonzalo de la Serna
- Mariano Fiorito*
- Sebastián Arena
- Tomás Vassolo
- Gustavo D. Lazzari
- Ileana C. Aiello
- Paula Bujía*
- Alejandra Naughton
- Guillermo Gamble
(*) As an Independent Director elected by the General Meeting.
Supervisory Committee
Regular Members
- Fernando A. Díaz (Presidente)
- Guillermo M. Lipera
- Matías Olivero Vila
Alternate Members
- Eduardo Di Costanzo
- José María Salinas
- María José Van Morlegan
A NEW CHAIRMAN FOR A NEW ERA
Since its founding, BYMA has focused on evolving to fulfill its core purpose: turning investment into jobs and development for Argentina’s progress. Since 2017, BYMA has been laying the groundwork for a more technological, efficient capital market aligned with global standards.
Today, BYMA handles an average of 787,000 daily transactions, reaching peaks of over 1 million per day, compared to just 35,113 transactions in 2019—evidence of a maturing market and new global opportunities.
In this new context, Claudio Zuchovicki has been appointed Chairman. With over 30 years in capital markets, Zuchovicki is a renowned industry voice and financial educator. His experience and communication skills make him ideal for this next chapter.
“My challenge as BYMA’s Chairman is to bring more people into the world of investing and improve their economic well-being through our capital market products. We need a bigger, more inclusive market to finance production and drive prosperity in Argentina. My role is to bring the market closer to the people, and the people to the market,” said Zuchovicki.
Ernesto Allaria, a key figure in Argentina’s capital market development, now becomes Vice Chairman. A founding figure in BYMA’s creation in 2017, Allaria will continue contributing his expertise in this strategic new role.
“Today, I take on a new role with the conviction that I have honored every step of our mission since 2017: transforming investment into work and development. As BYMA Chairman, I prioritized institutional strength, continuity, unity, and transparency. We are now ready for the next step, and I’m confident Claudio will bring the market even closer to the people and businesses seeking funding,” said Allaria.
BYMA 2025: NEW CHALLENGES AHEAD
Having modernized the Argentine market with constant innovation and world-class technology, BYMA now enters a new phase in 2025.
Looking ahead, BYMA aims to make the market a driver of Argentina’s economic development. The goal is to help citizens turn their savings into investments and enable the productive sector to access financing. BYMA will integrate all market players to give the Argentine exchange greater regional and global relevance.
CEO Gonzalo Pascual Merlo commented:
“As CEO, my role has been to lead BYMA’s digital and human transformation, grounded in safety, transparency, efficiency, and integration. Appointing a new Chairman aligns with Argentina’s evolving needs. We must broaden and enhance our capital market to finance the real economy.”
“We now have the foundational infrastructure in place. It’s time to scale our impact. Investing and financing through BYMA is a safe, regulated, and transparent option. We want to highlight this opportunity and expand the investor base to boost the real economy.”
Merlo will continue leading BYMA’s ongoing modernization efforts enhancing Zuchovicki’s leadership.