Mexican pension fund manager Afore Bancomer is by far the biggest player in the voluntary pension market, with an 81% market share in terms of assets under management. It also is a market leader in private pensions in Latin America, with more than 12mn customers. The company currently manages five pension funds. Afore Bancomer is headquartered in Mexico City, Mexico. Due the decision of BBVA of selling its pension units in Latin America, the company was sold to mexican financial group Banorte. The acquisition was made through Afore XXI Banorte, the pension fund jointly owned by Banorte's banking unit and Mexican social security agency IMSS.
Award-winning and trusted the world over, Business News Americas is the only English and Spanish business intelligence resource for project , news , analysis and business contacts focused on and produced in Latin America. This company profile is one of thousands of companies included in the BNamericas directory of active and up-and-coming companies, including AXA , Triple-S and Starr Companies Contact us today! Phone:+56 (2) 2941-0300