Tonatiuh Rodriguez Goméz, CEO of Mexico's largest private pension fund, Afore XXI Banorte, will be replaced by Juan Manuel Valle Pereña as of Feb. 1, 2017.
Regulators, intermediaries not worried by impact of Trump on Mexican fund industry
December 9, 2016 by
Edurado Flores Herrera, vice-president of Securities Supervision at Mexico's CNBV, discussed with Fund Pro Latin America the new mechanisms in place to buffer the mutual-fund clients from market-induced shocks.
XXI Banorte plans early 2017 RFP
December 9, 2016 by
XXI is the most active Afore in terms of international mandates, having announced a USD 150 million mandate with Pioneer, new disbursements in its European mandate with BlackRock and Schroders, and, according to CIO Sergio Méndez, an upcoming RFP in early 2017.
Pioneer snatches USD 150 million Asian mandate from XXI Banorte
December 2, 2016 by
The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).
Credit Suisse fills vacant CEO post
December 1, 2016 by
Jorge Villarreal has been named chief executive officer of Credit Suisse Mexico, replacing Hector Grisi, who was named CEO of Santander Mexico nearly a year ago.
Afores’ reluctance to diversify confounds regulator
November 17, 2016 by
"There is underutilization of investment limits on nearly all fronts," said Carlos Ramírez, president of the Afore regulatory body. He cited underutilization of equity limits, as well as the minor positions of the Afores in foreign securities.
Vanguard adds three ETFs to Mexican offering, bringing total to 65
November 16, 2016 by
"Vanguard is pleased to be able to cross-list additional products on the bolsa to help meet Mexican investors' needs for low-cost and broadly diversified ETFs," said Kathy Bock, head of Vanguard Americas.
Deutsche sells Mexican banking and brokerage business to InvestaBank
November 14, 2016 by
InvestaBank would gain control of Deutsche's lucrative depository-receipt business in Mexico, which has profited from sales of foreign securities (including ETFs) on the Mexican Stock Exchange.
Pension consultant: Small firms can’t afford to launch, fund corporate plans
November 2, 2016 by
Recent tax reform is only partly to blame for slow growth of corporate plans in Mexico, Antonio Valencia, director of actuarial operations at the Vitalis pension consulting firm, told Fund Pro Latin America.
Investec shuts Compass-run Mexican equity fund amid fall in AUM
October 21, 2016 by
The Investec GSF Mexican Equity fund was launched as Luxembourg-domiciled fund in February 2014 using the expertise of Latin American investment specialist Compass Group and its CIO Luis Yance, Citywire reported.
