BBVA Mexico is the first financial institution in the country to surpass 1 trillion pesos under management in investment funds
BBVA Mexico has become the first financial institution in the country to manage 1.012 trillion pesos in investment funds, according to the latest report by the Asociación Mexicana de Instituciones Bursátiles (Mexican Association of Stock Market Institutions, or AMIB). Now, as part of the bank’s strategy to professionalize its team, BBVA Mexico has reached an agreement with the CFA Institute to allow 140 of the bank’s investment advisors to obtain certifications with a focus on socially responsible investing and data science.
BBVA Mexico advisors who complete the 4,000 hours of training and three exams in around 36 months will receive CFA certification, which is recognized in 162 markets worldwide. The agreement reflects trends in artificial intelligence, data science and corporate social responsibility, as well as the demand for industries to incorporate ESG criteria into their operations. Currently, 30 percent of BBVA Asset Management Mexico employees are participating in a CFA Institute program, which is globally renowned in the field of investment and finance. The goal is to replicate this knowledge across the team to remain at the cutting-edge of the professional roles.
“Over the past year, BBVA Mexico has increased its assets under management by 189 billion pesos. Professionalization has allowed us to become the number one asset manager in the country, with a market participation of 24.18 percent, offering 56 different investment products. This is the reason our partnership with the CFA Institute is so important to us,” explained Luis Ángel Rodríguez Amestoy, Director General of BBVA Asset Management Mexico.
Meanwhile, Rafael Matallana, Director of Partnerships and Solutions at CFA, noted that: “By including CFA Institute products in its personal development plan, BBVA Mexico has demonstrated its commitment to guarantee that its employees have access to education that is designed to enhance their careers.”
According to AMIB data, the investment fund industry represents 12.19 percent of Mexico’s Gross National Product (GDP). In 2023, it was 10.60 percent and in 2022, 9.78 percent, illustrating an upward trend in the sector. BBVA Mexico puts its customers at the heart of its operations, building the capacities of its employees to offer the best financial products in the market. Partnership agreements with globally recognized institutions such as the CFA Institute is a sign of both parties’ commitment to pursue excellence in their business models.