Mexican presidential front-runner Andres Manuel Lopez Obrador is considering asking Guillermo Ortiz, who guided Mexico through the Tequila Crisis, to join his cabinet if elected, according to two people familiar with his thinking.

Ortiz is being eyed for his experience and reputation in international markets, according to the people, who asked not to be named discussing private conversations. Lopez Obrador, or AMLO as he’s widely known, is also considering Santiago Levy, who served as Ortiz’s deputy, as a potential addition to the administration, according to two other people.

Mexico’s peso and stock market have slumped in recent weeks on concern about how Lopez Obrador would run the nation’s finances and his promise to boost social spending without increasing taxes. Lopez Obrador is considered the favorite to win the July 1 vote, with 52 percent support, compared with 25 percent for Ricardo Anaya, the second-place candidate, according to Bloomberg’s Poll Tracker.

Lopez Obrador said last year he plans to make Carlos Urzua, who ran Mexico City’s finances from 2000 to 2003 when he was mayor, his finance minister and Graciela Marquez his economy minister, although there’s nothing that prevents him from making changes. He hasn’t yet said who would choose for chief executive officer of Petroleos Mexicanos.

All About Mexico’s Populist Presidential Candidate: QuickTake

Ortiz, 69, who holds a doctorate in economics from Stanford University, had served as transportation minister for less than a month in December 1994 when President Ernesto Zedillo tapped him as finance minister to stabilize the economy amid a peso devaluation and capital flight sparked by U.S. rate hikes. Ortiz saw Mexico through one of the worst recessions since the 1930s and a U.S. bailout, helping return the nation to growth in 1996. In 1998, he became governor of the central bank, where he served for a decade before heading Grupo Financiero Banorte SAB, one of Mexico’s biggest banks, and BTG Pactual Group’s Mexico unit.

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