Paraguay’s financial landscape is evolving fast, and CADIEM, a leading brokerage firm, is at the forefront of this transformation. By Peter Edyvean
Founded in 2003, CADIEM has grown from a local operator into a dynamic financial player, leveraging its deep market knowledge and strategic ambition to lead the development of Paraguay’s financial markets and engage with global opportunities.
CADIEM’s success stems from its robust local foundation. Over two decades, the firm has specialized in structuring financial instruments, opening capital for companies, and managing investment funds, currently with $683 million assets under management and $264 million in funds CADIEM administers. Its brokerage house and fund management divisions form the backbone of its operations, supported by an international investment platform that allows Paraguayan investors to access global markets.
“Our greatest asset is our deep knowledge of the local market, developed over 21 years of experience. We understand the key players, the local risks, and the unique nuances of Paraguay’s small and connected community” says César Paredes, CADIEM’s CEO.
This deep integration into Paraguay’s financial ecosystem has enabled CADIEM to support the growth of major companies. Notable success stories include cellphone operator Telecel, which began with local bond issues through CADIEM before expanding to international markets with $500 million in bonds, and Frigorífico Concepción, a meatpacking company that has transformed into a multinational enterprise with a turnover of $2 billion.
The Paraguayan stock exchange, while still in its developmental phase, has significant room for growth. Recent partnerships with Nasdaq for trading platforms and Montran for securities depository systems have bolstered transaction security and established critical connections with global markets.
While CADIEM’s expertise in the Paraguayan market remains its cornerstone, the firm is increasingly looking abroad. A strategic plan launched two years ago has propelled the company to hire top talent and invest in technology and customer service as its number of clients tops 15,000. In its headquarters and three branches, the
company’s staff has grown from 40 seven years ago to 100 today and this more global outlook is already bearing fruit, with alliances formed in Uruguay and plans to establish a presence in the U.S., a hub for global financial activity.
“Sooner rather than later we will set up in the U.S. because so much business for Latin America is conducted there, and there is no doubt that clients will drive us to provide services from there as well,” Paredes says.
CADIEM aims to attract international investors to Paraguay’s high-margin opportunities, which have been further amplified by the country’s newfound investment grade status. The firm’s ambition is not just to facilitate investments but to position Paraguay as a regional financial hub akin to Panama. This vision includes expanding product offerings, strengthening international connections, and fostering greater trust in the market by promoting some necessary institutional improvements.
One major challenge identified by Paredes is Paraguay’s state pension system, which faces a significant deficit and lacks comprehensive oversight. Strengthening the Superintendency of Pensions could redirect investments from lowyield financial entities into the capital market, boosting volumes and funding real-economy projects such as infrastructure and public-private partnerships (PPPs).
Upcoming initiatives such as the expected listing of the National Electricity Administration (ANDE) on the stock exchange and the completion of large-scale projects like
“Sooner rather than later we will set up in the U.S. because so much business for Latin America is conducted there, and there is no doubt that clients will drive us to provide services from there as well.” CÉSAR PAREDES CEO at CADIEM
Paracel—an investment of almost $5 billion in a eucalyptus pulp mill—point toward the growing role of private investment in public development. CADIEM stands ready to support these efforts by providing innovative financing solutions and mobilizing local and international resources.
Paraguay’s favorable economic fundamentals—low inflation, stable growth, record international reserves, and manageable debt levels—provide a strong foundation for further development. However, as Paredes highlights, the key lies in further strengthening institutions and addressing structural challenges.
CADIEM’s role in this transformation is clear. With its comprehensive platform, local expertise, and global aspirations, the firm is uniquely positioned to bridge the gap between Paraguay’s potential and its realization. As Paraguay adjusts to its new investment grade status, CADIEM’s leadership in developing the stock market and attracting foreign investment will be critical. The firm’s journey from a small brokerage to a major financial player mirrors the country’s own trajectory—one of growth, opportunity and increasing prominence on the global stage
