Caputo completed his primary and secondary studies at the catholic and bilingual La Salle College. He graduated with a degree in Economics from the University of Buenos Aires. His cousin, :es:|Nicolás Caputo, is a construction industry entrepreneur close to Mauricio Macri.
Caputo served as Chief of Trading for Latin America at JP Morgan between 1994 and 1998, and he held the same position for Eastern Europe and Latin America at Deutsche Bank between 1998 and 2003. From that year until 2008 he was chairman of the Argentine branch of Deutsche Bank.
Private sector
He has also been Director of an electric distribution company and an Administrator of common funds of investment created by him.
On June 14, Caputo became President of the BCRA. His main challenge was to contain inflation, results that Sturzenegger's administration did not achieve in 2018. Caputo was in the midst of a context of mistrust in the economic program. He increased the interest rate from 20% and Argentine peso was devalued 40% in three months during its administration. He disarmed the Letters of the Central Bank, and is considered one of the victories. Meanwhile, the BCRA's reserves in June were $ 45 million and, upon announcing its resignation, it reached $ 49 million. He resigned on September 25, 2018 at the request of the International Monetary Fund and was replaced by Guido Sandleris.
Controversies
On 2017, a government branch of the Fiscal Ministry, opened a judicial case accusing Luis Caputo of embezzling money from a Social Security fund by paying fees of at least 540,000 AR$ to a Company he had owned and directed until 2015 in lieu of services that were unnecessary. On 5 November 2017, the Paradise Papers, a set of confidential electronic documents relating to offshore investment, revealed that Caputo have managed at least two offshorewealth funds. Neither the Cayman Islands–based Alto Global Fund nor its Miami-based parent company, Noctua Partners LLC, were listed in Caputo's financial disclosure statement, a statement that all public officials and candidates for office are required to make. He told Argentine members of the ICIJ team that "it was an investment fund for friends and family." The funds, opened in 2009 and with over $100 million under management, remained under Caputo's management until December 2015, when Macri named him Finance Secretary, a post upgraded to Finance Minister in January 2017.
