Alejandro Velásquez Ugalde

Banamex Afore aims to achieve profits through safe and responsible investments that manage risk and obtain attractive returns. The firm operates and manages five basic Specialized Pension Fund Investment Companies (or SIOFOREs): Citibanamex Siefore Básica de Pensiones and Citibanamex SIEFORE Básica 1 to 4, and additional company that focus on voluntary and complementary savings: Citibanamex SIEFORE de Aportaciones Voluntarias Plus. The SIEFORES share price is determined daily based on the market value of the assets subject to investment that make up its portfolio. Since its objective is to invest the resources for the Workers' pension at the time of retirement, the investment horizon of SIEFORES is medium- to long-term.