Interview with Manuel Sacerdote, interviewed by Andrea Lluch, Buenos Aires, Argentina

Mr. Sacerdote outlines the expansion of Bank Boston in Latin America from its early presence in Argentina. He discusses his belief in the importance of gradual change and how paying attention to local concerns and use of local knowledge aided the bank's growth in Argentina. He also talks about the development of the bank's foundation for Argentine businessmen, including a group that helped form consortia for Argentine companies in the export sector. Mr. Sacerdote describes his success in banking as a direct result of his authority to handle Bank Boston Argentina's concerns autonomously.