AEGON N.V. (ADR)(NYSE:AEG) and its subsidiary unit Transamerica have teamed up with Administradora Akaan to establish an asset management company known as Akaan Transamerica. Akaan Transamerica has lately obtained formal nod from the Mexican Banking and Securities Commission to start operations and go to market.
Akaan Transamerica will provide a wide variety of Mexican and global mutual funds and diversified global investment solutions. It has implemented Aladdin®, BlackRock’s trading and risk management setup which combines major edge risk analytics with portfolio management, operations and trading on a single platform.
Akaan will use the thorough investment knowledge and extensive experience from a highly adept team of investment management experts. Its product offering comprises actively- and passively-managed funds, bespoke investment strategies and alternative investments.
In addition to the extensive variety of investment products, Akaan will provide integrated investment solutions for firms and individuals based on their financial requirements. Akaan’s Founder and Chairman, Fernando Quiroz, was formerly Vice Chairman and CEO of Citigroup’s ICG Mexico and Latin America and Vice Chairman of Banco De Chile’s board. Quiroz was even a Board member of Banamex, Aeromexico, the Mexican Stock Exchange and Grupo Financiero Banamex.
Mark Mullin, the CEO and President of Transamerica, expressed that they are thrilled to establish this association with the highly renowned firm of Akaan and to benefit from the expertise of Quiroz. They are determined to help firms and individuals in Mexico pursue growth and wealth accumulation as they work toward securing a promising financial future.
Quiroz expressed that they are excited to have formed a strategic alliance and joint venture with Transamerica and Aegon. Their teams worked hard to set up a new AMC, with a latest technological platform and the most unique financial solutions for their customers.
Kent Callahan, the CEO and President of Transamerica Latin America, expressed that this innovative combination of experienced experts and cutting edge technology establishes a new bar for client service excellence in the asset management segment in Mexico.