CDPQ, whose president is Michael Sabia (photo) and the consortium of Mexican Afores plan to commit about USD 1 billion each to the venture. CDPQ will hold a 51% interest, with Afores XXI Banorte, Sura, Banamex, Pensionissste and infrastructure fund Fonadin holding the rest.
Afores join forces with Canadian investor to fund Mexican infrastructure projects
October 1, 2015 by
Banamex offers Citi custody and management services to Afores in Mexico
September 21, 2012 by
Afore Banamex will be the first to use the Citi services for custody of its new international asset management mandates.
Before Afores can invest in mutual funds the regulations need surgery
June 29, 2012 by
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.
Sale of BBVA Bancomer pensions could bring new players into the sector
June 22, 2012 by
The Latin America region is perceived as strong and growing, and the sale of BBVA Bancomer could place a brand in four countries with one operation. For Luis Sayeg Seade of Banamex, it would be interesting to see a Mexican player come out to fight in the region.
