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Veteran Mexican pension fund CIO exits

Veteran Mexican pension fund CIO exits

Afore MetLife's CIO, Arturo Hanono, has left the Mexican pension fund after joining just over a year ago.

Mexico City-based Hanono initially joined the pension fund in May 2014, where he was responsible for the group's investment and strategy units. In June, however, he departed the group in order to pursue other professional opportunities.

It is understood that the Mexican pension fund has not yet named a replacement for Hanono to take over his CIO role. The pension fund is the Mexican subsidiary of US life insurer MetLife and has $5 billion of assets under management.

Hanono is a veteran of the Mexican pension fund industry, having been involved with mandatory pension funds, known as Afores, since they were created by government reforms in 1997.

In 1998, Hanono was named CIO of Afore Garante, which was later purchased by Citibank in 2000, before he left the group in 2002 to join Afore Banamex as co-head of investments.

Two years later he left Banamex to become CIO of Afore Invercap, a position he remained in until the start of 2014 when he left to join Afore MetLife.

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