Experience

Afore XXI Banorte

• Mexico
• Financial Services
• 700 & Above Employee

• • Nov 2020 - Present

• • May 2015 - Nov 2020

  • Development of optimal investment portfolio in local sovereign debt instruments (real and nominal interest rate) through active management performance. • Trading of standardized and OTC FX forward derivatives (MXN, EUR, JPY, GBP, CAD, AUD, CNY) having as main purpose hedging currency risk.• Trading of OTC FX options (MXN, EUR, JPY) and responsible to develop fx volatility strategy via in-depth analysis to identify the most efficient structures in terms of risk-return profile (put/call spreads, put/call ratios, seagulls, risk reversals). • Trading of standardized and OTC swap derivatives (IRS: TIIE, USD Libor, Euribor, JPY Libor, CCS: UDITIIE, USDMXN Basis Swap) relative value strategy within the curves and asset swap spreads. • Derivatives migration to CME settlement via Vcon Bloomberg (TIIE, USD Libor, Euribor, JPY Libor, FX cash settled forwards) in order to comply with regulatory requirements, mitigate credit risk and enchance trading cost effectiveness. • Development of derivatives valuation models incorporating OIS discounting to be in compliance with csa agreements (mxn and usd collateral). • Assets under management: 700 billion Mexican pesos (60% fixed income allocation). Show less

• • Mar 2013 - May 2015

  • Investment strategy of dollar and euro debt portfolio: sovereign debt (UMS), quasi-sovereign debt (PEMEX and CFE), investment grade and high yield corporate bonds.• Design and execution of relative value strategies between hard currency and local debt to optimize the portfolios’ carry and providing an efficient disinvestment alternative.• Carry out the interest rate and currency exposure hedge of hard currency corporates and sovereign debt by means of derivatives (IRS Libor, FX forward, CCS Basis Swap). • Analysis, modeling and valuation of equity and reits initial public offerings. Thorough due diligence of credit and alternative assets pipeline (investment features, management track record, financial structure, risk analysis) in order to submit the proposal to the investment committee. • Assets under management: 505 billion Mexican pesos (10% hard currency debt allocation). Show less



Afore BBVA Bancomer

• • Nov 2011 - Mar 2013

  • Short term liquidity management (cetes, ipabonos, Bondes), reverse repo and security lending in portfolios.• Trading of money market instruments (Mbonos, udibonos, cbic’s) and OTC swap derivatives (TIIE and Libor USD plain vanilla IRS). • Trading of standardized and OTC FX forwards and options (MXN, EUR, JPY). • Assets under management: 280 billion Mexican pesos (60% fixed income allocation).

• • Oct 2009 - Nov 2011

  • Determination of exposure lines across derivatives instruments: margin calls, recouponing in OTC trades and collateral management.• Monitoring of the front office strategy as well as the validation of executed trades.• Treasury Fund projects: value at risk and duration of fixed income portfolios.• Interlocutor between front, back office and IT areas for the development and improvement of derivatives products.



Global Currency Arbitrage

• Ciudad de México y alrededores, México

• Co- Founder / Partner

  • Jan 2008 - May 2009

  • Establishment and management of a private fund constituted in Mexico City through the brokerage firm “Gain Capital, Inc” (New York, US). • Investment strategy development (active management style fund) through technical, fundamental and quantitative analysis across developed FX markets. • Thorough analysis of the monetary policy of the United States, England, Eurozone, Japan and Mexico and build-up model to forecast central bank policy decisions. • Establishment and management of a private fund constituted in Mexico City through the brokerage firm “Gain Capital, Inc” (New York, US). • Investment strategy development (active management style fund) through technical, fundamental and quantitative analysis across developed FX markets. • Thorough analysis of the monetary policy of the United States, England, Eurozone, Japan and Mexico and build-up model to forecast central bank policy decisions.