Afore XXI Banorte names new CEO

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.

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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.

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