The opening of the office in Mexico City is Natixis Global AM's first effort to be present in Latin America and build a regional business. It is part of an ambitious plan that will also see the opening of two new offices in 2015, in strategic Latin American cities, Fund Pro Latin America has learned.
Amafore: Afores will be managing USD 300 billion in 2020
December 10, 2014 by
With projections based on current conditions of the Retirement Savings System - i.e. a 6.5% compulsory contribution and 49.6% investment placed in government debt - the Afores are expected to reach net assets of MXP 4.3 trillion (USD 295 billion) by the end of 2020.
Enrique Zorrilla Fullaondo is the new president of Scotiabank Mexico
November 12, 2014 by
The appointment was made on October 24 at a meeting of the board of directors of Scotiabank Mexico, which also proposed Guillermo Babatz Torres (ex-head of the Mexican Securities and Banking Commission, or CNBV), to replace James Meek as chairman of the board, subject to approval by shareholders.
Amafore: Pension-fund investment regime not a legislative matter
October 27, 2014 by
Carlos Noriega Curtis, president of the Mexican pension fund association, the Amafore, is proposing that the Retirement System Law (SAR) be amended to delegate to the Consar all decisions regarding the Afores' investment regime.
Private pension plans stalled by 2013 tax reform
October 22, 2014 by
Data from the Consar indicates the total number of corporate pension plans fell by 2.4% in 2014, compared to average annual growth of 10% per annum, as tax incentives for these vehicles were weakened.
Important changes to Mexican pension law put off until 2015
September 23, 2014 by
Proposals to increase contribution levels, boost voluntary savings and relax the restrictive investment regime will not be put to Congress until at least 2015, via a bill from the Executive or as a result of the work of an expert committee close to being formed.
Hanono jumps to Afore MetLife as new CIO
September 12, 2014 by
Hanono has a long track record in the Afore industry, most recently managing the portfolio at Afore Invercap. He is also head of the Afore association's investment committee.
Sprenger named CEO of Sura AM and is given seat on Latin American executive committee
September 11, 2014 by
In his new role, Pablo Sprenger (photo) is responsible for growth of the pensions and annuities businesses, as well as life insurance and institutional funds in Mexico for Sura Asset Management Mexico.
BBVA Bancomer opens new UHN unit for high net worth clients
August 8, 2014 by
Bancomer UHN is the first office of its kind in Mexico and the world, combining products and services for family offices and high net-worth investors, with the backing of a global bank. This year Bancomer will open similar offices in the Mexican cities of Monterrey and Guadalajara.
BNP Paribas names new sales manager for Mexican institutional clients
August 1, 2014 by
After almost six years leading the institutional sales team at Compass Group in Mexico, in June Palacio took over responsibility for identifying the needs of the institutional clients of BNP Paribas Investment Partners and designing tailor-made investment solutions.
