He will report jointly to Mary Callahan Erdoes, CEO of JP Morgan Asset Management, and Martin Marron, CEO of JP Morgan's Latin America franchise.
Afore Banamex goes for two more mandates
About to fund the first mandate - which was won by BlackRock, Schroders and JP Morgan - Javier Orvañanos, investment manager at Afore Banamex, is now working on mandates for commodities and international securities.
Before Afores can invest in mutual funds the regulations need surgery
The regulations on mutual fund operations and Afores investments in Mexico do not match, which means there is no viable possibility of investing in these vehicles.
Afore Banamex to be first to operate mandates in Mexico
In a couple of months the pension manager expects to have international equities in its Siefores and sees commodities as the next asset ready for investment.
Afore Sura: funding of mandates should start in the next few months
In an interview with Latin Asset Management, Emilio Bertran, director of portfolio structure at Afore Sura, said they had made progress with the final version of the contracts with the managers and the custodian. The objective is to begin to fund some of the mandates this year.