Merged Principal-Metlife Afore names new CIO

Néstor Fernández, who has spent a great deal of his career with MetLife, was named head of investments of Principal Afore, following its acquisition of MetLife Afore.

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Principal Afore to invest up to USD 200 million in first international mandate

The selected manager must be very active in the geography of interest, "in order to operate with great depth in terms of company selection, which is what interests us," Juan Manuel Verón, chief investment officer of this global operator in Mexico, told Fund Pro Latin America.

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Four Mexican Afores are preparing international mandates

XXI Banorte is one of four Mexican Afores actively soliciting RFPs from global managers or planning to do so in the short term. Sergio Méndez, CIO of XXI Banorte, said the Afore will analyze proposals for Asian and US mandates in October, and fund them by the end of the year.

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