Valmex steps up efforts to grow in Mexico’s stagnant private-pension segment

After 14 years at Principal, Luis Lozano, a champion of open architecture, joined Valmex in February 2021. Since then, the institutional-investments head has been working to enhance the pension segment of Valmex’s business, as he told Fund Pro Latin America in an exclusive interview. “It is necessary to develop the voluntary pension market, especially for those with higher income who are not fully covered under the traditional and obligatory pension market (via the Afores). In this segment, replacement rates are...