Ramon Fernandez, GSAM’s first representative in Mexico, is focused on delivering solutions to pension funds, official institutions, private banks, and local asset managers.

The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.

Following the surprise ruling, the Constitutional Court can no longer be looked to as a free-market bulwark and protector of the "Chilean Model." 

Regardless of the outcome of the presidential election, additional withdrawals and weakening of the AFP system appear likely.

"Popularization is just beginning. When I look at the industry, I am optimistic. This was the strongest quarter," said Giuliano De Marchi, head of Latin America for JPM AM.