Mexican pension fund manager Afore XXI Banorte, the result of a merger between Afores Banorte-Generali and XXI, began operations on January 16, 2012. The new company is the largest pension fund administrator in the country. It is headquartered in Mexico City, Mexico. In january 2013, Afore XXI Banorte closed the purchase of Afore Bancomer for US$1.74bn in a deal that created the largest retirement savings manager in Mexico.
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