SAM and LSE celebrate the third Global Pensions Programme in Cancun
The third LSE Global Pensions Programme took place in Cancun, Mexico from the 21-24 July, organised alongside Novaster and sponsored by Santander Asset Management.
The event, which was attended by over 25 of SAM’s current and prospective clients from Mexico, Chile, Brazil, Argentina and Colombia, served as a forum to debate the future of pensions in the current environment of an aging population, and the importance of balancing public and private participation in their financing.
The event was inaugurated by Jesus Mendoza, CEO of SAM Mexico, who noted that “both the forum and the quality of the event make this a meeting place of professionals from different sectors, with the assistance of 11 universities from Mexico, that manage substantial amounts for their employees’ pension plans. Amongst them, the Instituto Tecnológico de Monterrey, who is a client of SAM and alongside the Equities Team in Mexico, manages more than 225 million Euros in its pension plan. They have also helped corporate clients, such as Bimbo and Coca Cola, HR consultants such as Mercer, Public Pension Institutes as well as other organizations.”
The event provided an opportunity to share different views with world-renowned professionals and academics, such as Nicholas Barr, from the Department of Economics at the LSE, Ash Williams, Executive Director and CIO of the Florida State Board of Administration and Roger G. Ibbotson, Chairman and CIO of Zebra Capital Management. “There is no such thing an age problem” or a “pensions crisis”, said Nicholas Barr. “People are living longer and this isn’t a problem; it is a triumph. The problem is not that people live too long, but that they are retiring too soon” he added.
Along with Mendoza, other SAM representatives such as Lázaro de Lázaro, CEO of SAM Spain and Sergio Méndez, CIO of SAM Mexico, lead round table discussions about the diversification of long term investments.
leana Salas, who was recently appointed as SAM’s Global Head of Institutional Sales, introduced Nicholas Barr at the exclusive dinner that was held for SAM’s clients on the second day of the event. During the conference, the participants could also attend sessions on policy guidelines for pensions, non-contributory pensions and developments in corporate governance, amongst others.