Last updated: 18:30 / Wednesday, 4 October 2017
Akaan Transamerica

Aegon Launches an Asset Management Company in Mexico

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Aegon Launches an Asset Management Company in Mexico

Aegon NV and its subsidiary Transamerica have joined forces with Administradora Akaan to create an asset management company named Akaan Transamerica.  Akaan Transamerica has recently received formal approval from the Mexican Banking and Securities Commission (CNBV) to initiate operations and go to market.

Akaan Transamerica will offer a wide variety of Mexican and International mutual funds as well as diversified global investment solutions. Akaan Transamerica has implemented Aladdin, BlackRock's trading and risk management system which combines leading-edge risk analytics with comprehensive portfolio management, trading and operations on a single platform.

Akaan Transamerica will leverage the extensive investment knowledge and experience from a highly skilled team of investment management professionals.  Its product offering includes alternative investments, actively- and passively-managed funds, and bespoke investment strategies. In addition to the wide variety of investment products, Akaan Transamerica will offer integrated investment solutions for individuals and companies based on their financial needs. Akaan's Chairman and Founder, Fernando Quiroz, was formerly CEO and Vice Chairman of Citigroup's ICG Mexico and Latin America as well as Vice Chairman of the Board of Directors for Banco De Chile.  Mr. Quiroz was also a Board member of Banamex, Grupo Financiero Banamex, Aeromexico and the Mexican Stock Exchange (BMV).

Mark Mullin, President and CEO of Transamerica, commented, "We are thrilled to form this partnership with the highly respected firm of Akaan and to benefit from the tremendous expertise of Fernando Quiroz. We are determined to help individuals and corporations in Mexico pursue wealth accumulation and growth as they work toward securing a sound financial future."

Fernando Quiroz, commented, "We are delighted to have formed a JV and a strategic alliance with Aegon and Transamerica. Our teams worked extremely hard to set up a new asset management company, with a state-of-the-art technological platform and the most innovative financial solutions for our clients."

Kent Callahan, President and CEO of Transamerica Latin America, added, "This unique combination of experienced professionals and cutting edge technology sets a new bar for customer service excellence in the asset management business in Mexico."

 

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