Last updated: 07:51 / Thursday, 27 July 2017
With Juan Manuel Hernandez

World’s Largest Mutual Fund Company Expands Business Capabilities in Mexico

World’s Largest Mutual Fund Company Expands Business Capabilities in Mexico

Vanguard Investments Mexico announced that Juan Manuel Hernandez has been named the head of Vanguard’s business in Mexico as the company expands its efforts to meet local investors’ needs for low-cost and broadly diversified investment products.

Hernandez joins Vanguard from Blackrock Inc. Mexico, where he served as head of institutional sales. He also held the head of sales position for iShares Mexico.

“Vanguard has been serving investors in Mexico since 2009 from our headquarters in the US, and we believe regulatory, fee, legal, and capital market structures are moving in the right direction to enable Vanguard to expand in Mexico,” said Kathy Bock, head of Vanguard Americas. “We are delighted to have someone of Juan’s caliber to lead Vanguard’s work to further increase access to our products to investors in Mexico.”

“Many companies talk about their client focus but Vanguard actually lives and breathes it as a result of its mission to take a stand for all investors, treat them fairly, and give them the best chance at investment success. It has a global reputation for offering products solely designed to serve investors’ needs and goals. Vanguard’s desire to deepen its business is a huge win for Mexican investors and I’m honored to have this opportunity to be part of the effort,” Hernandez said.

Vanguard, the world’s largest mutual fund company and one of the world’s largest investment management companies, has gained a global reputation for doing what’s right for investors. “We do that by advocating for low-cost investment products and transparency in what investors are paying for their investments,” Bock said.

“Our views of investing are straightforward, easy to understand and designed for the long term. With more than 40 years of experience in successfully managing money for individuals and institutions, we have helped millions of investors meet their investment objectives around the world. Our goal is to do the same for more investors in Mexico.”

Vanguard, the world’s second-largest ETF provider, offers 65 Vanguard US-domiciled ETFs cross- listed on the International Quotation System (SIC) of the Bolsa Mexicana de Valores and 26 ETFs approved as eligible investments for Mexican Sociedades de Inversion Especializadas para el Retiro (SIEFOREs).

Vanguard has worked with The Compass Group as its distribution partner since 2009 in Mexico, Chile, Colombia, and Peru. “Compass is a critical partner in our success in Latin America. The Compass team has been invaluable in helping Vanguard enter Mexico and in serving investors there and elsewhere in Latin America,” Bock said. “Its local expertise in representing Vanguard’s mission has contributed greatly to our success in serving the pension systems and in participating in industry forums that have served to strengthen the capital markets and pension systems for investors.”
“We look forward to continuing our work with Vanguard to ensure that investors throughout Latin America have access to high-quality low-cost investment products,” said José Ignacio Armendáriz, Compass partner and country head of Mexico.