Pedro Jorge Villarreal, a 15-year veteran of Credit Suisse, will be taking over the country CEO role from Hector Grisi, who has moved to Grupo Financiero Santander México.
Pension association suggests allowing smaller Afores to invest in cross-border funds
August 6, 2015 by
"This possibility would an interesting revolution for active managers, especially for smaller Afores, which find the cost of mandates beyond their means," said Carlos Noriega, president of Amafore.
Fóndika AUMs grow 16.2% with purchase of Zurich platform
August 6, 2015 by
While Fóndika currently distributes the local and international funds of 10 managers, CEO Juan Carlos Pelayo noted that new regulations will allow the platform to commercialize any publicly offered Mexican funds it finds interesting.
Cash contributions to retirement schemes raise money-laundering fears
July 28, 2015 by
According to sources in the sector, the issue of cash contributions has raised the eyebrows of some international players interested in the potentially huge global-investment-mandate business with the Afores, which manage close to USD 200 billion.
MetLife and Arturo Hanono, veteran CIO, part ways
July 27, 2015 by
The longtime CIO of Afore Invercap, Hanono had jumped to MetLife in May 2014, where he was responsible for the group's investment and strategy units.
Julius Baer enters Mexico with stake in leading financial advisory
July 27, 2015 by
The partnership with NSC Asesores, Mexico's leading independent financial advisory, gives Julius Baer "access to one of the largest and most promising domestic wealth management markets in Latin America," said Boris F.J. Collardi, CEO of Julius Baer.
BNP Paribas outlines how mandate process in Mexico could be improved
July 15, 2015 by
Noting that the Afores were born in 1997 and turn 18 in 2015, Luis Palacio, sales director of BNP Paribas Investment Partners in Mexico, says: "They have reached legal age and must be allowed to make decisions like adults."
Consar, Afores and global managers discuss speeding up the mandate process
June 29, 2015 by
Consar President Carlos Ramírez has met recently with the teams of Afore Banamex and two global managers with which the pension manager has funded mandates, Schroders and BlackRock.
CNBV works with AMIB to roll out fund platforms
June 18, 2015 by
The CNBV's Eduardo Flores Herrera, who is responsible for supervising the creation of an open architecture framework and the financial institutions involved, said the new system would be up and running by December 2016.
BlackRock in deal to buy Mexican infrastructure-investment firm
June 18, 2015 by
“Adding the Infraestructura Institucional team will enhance BlackRock’s ability to deliver previously untapped investment opportunities in Mexico to our local and international clients," said Jim Barry, global head of BlackRock's Infrastructure Investment Group.
