Mexico Capital Markets Forum 2022

Galia Borja Gómez

Deputy Governor

Central Bank of Mexico

Galia Borja is a Mathematician from the National Autonomous University of Mexico (UNAM). She holds a master’s degree in Applied Mathematics and Statistics from The State University of New York, and a master’s degree in Economics and Master’s degree in Economics and Public Policy from Tecnológico de Monterrey, where she received an excellence honorable mention for graduation with the highest grade point average of her class.

Professionally, she has more than 20 years of experience in economic and financial positions in the public sector within the public sector. In December 2018, she assumed the position of Treasury of the Federation. From there, she promoted the modernization of the financial management of the collection processes, promoted the use of digital means of payment and promoted the transition to more efficient schemes for the collection of foreign trade tax revenues.

As of May 2019, she served as a member of the Foreign Exchange Commission on behalf of the Ministry of Finance and Public Credit, being the first Treasury official to be a member of this body.

On December 9, 2020, the Mexican Senate approved her appointment as a member of the Board of Governors of Banco de México for the period from January 1, 2021, to December 31, 2028. She currently serves as Deputy Governor of Banco de México.

Jorge Arce

Chairman and Chief Executive Officer

HSBC Mexico

Jorge Arce is Chief Executive Officer HSBC Mexico since February 2020 and in December 2021 he was also appointed Chairman of the Management Board. He has a career of more than 32 years in the financial sector in Mexico and the United States.

From 2016 to January 2020, Jorge Arce was Deputy General Director of Global Banking and Markets in Banco Santander Mexico. Previously, he had a career of 21 years in Deutsche Bank where he held different positions. From October 2011 to March 2016, he was CEO of Deutsche Bank Mexico.

He started his career in 1990 in Citibank Mexico until he was transferred to Citibank London in 1994. Jorge was Vice President of the Mexican Banking Association (ABM). He has collaborated with many organizations such as the Business Coordinating Council (CCE), Board Member at Coppel, the Deutsche Bank America Foundation, the national and international council of BoysHope GirlsHope in San Luis Missouri, USA, the childhood foundation “Fundación para la Niñez Ser y Crecer” in Monterrey, Nuevo León, Mexico, and “Reforestemos México” (Let’s reforest Mexico) among others.

He has BA in Finance and Economics from the Pace University in New York.

María del Carmen Bonilla Rodríguez

Deputy Undersecretary for Public Credit and in charge of the International Affairs Unit

Mexico Ministry of Finance and Public Credit

María del Carmen is Deputy Undersecretary for Public Credit and in charge of the International Affairs Unit in the Ministry of Finance and Public Credit. She served as General Director of Debt Issuance in the same office, where she was in charge of managing the Federal Government's public debt portfolio and executing the annual borrowing plan for the domestic and foreign markets.

María del Carmen has experience of more than 16 years in the financial sector. She held the position of Investment Manager at the Mexican Institute of Social Security (IMSS) from April 2019 to July 2020, achieving 280,000 million pesos in Managed Assets. Previously in the private sector she held different positions as a Derivates and Cash Trader for 11 years in banks such as HSBC and Santander.

María del Carmen Bonilla has a degree in Corporate Finance and Banking from the School of Actuary of the Universidad Anáhuac del Sur. She has current certification by the the Mexican Association of Securities Intermediaries (AMIB) and is a member of the International Society of Female Professionals (ISFP).

Axel Christensen

Director of Investment Strategy for Latin America

BlackRock

With close to 30 years of experience in the financial sector, Axel is currently Director of Investment Strategy for Latin America at BlackRock, the world's largest fund manager, a firm he joined in 2009.

He has previously ocupied various positions in Chile, such as Cruz del Sur, Moneda Asset Management, AFP Cuprum and Citi. He has also been a member of the board of several companies. He was a member of the Capital Market Reform Committee of the Chilean Ministry of Finance between 2000 and 2018, and was also a member of the Presidential Advisory Council for the 2006 Pension Reform in that country.

Mr. Christensen is a civil industrial engineer from the Catholic University of Chile and has an MBA from Stanford University in the USA. Currently, he is based out of BlackRock's Miami office.

Emilio Romano

Mexico Country Executive

Bank of America

Mr. Emilio Romano is Mexico Country Executive of Bank of America in Mexico since 2014. In his role he oversees BofA’s Corporate, Investment and Transactional Banking activities, the Equities, Fixed Income, Currencies and Commodities businesses, as well as the domestic bank and broker dealer subsidiaries of BAC.

Mr. Romano holds a law degree from Escuela Libre de Derecho in Mexico City, where he graduated cum laude and earned a diploma in international law at the City of London Polytechnic in London. At the beginning of his career, Emilio held various positions within the Mexican Ministry of Finance, including General Director of Tax Policy and Federal Fiscal Attorney. He was the Mexico’s chief negotiator of the country’s income tax treaties network, as well as NAFTA’s treasury and customs matters.

Mr. Romano, was CEO of Mexicana de Aviación through 2007. He led the airline through the largest financial restructuring in the airline’s 87-year history and its successful sale to a private investor group. He spearheaded the launch of the first low-cost carrier in Mexico “Click Mexicana”. He was a member of the Board of Directors of the International Air Transport Association (IATA) and served in the Board of Directors of TAM Linhas Aereas (NYSE:TAM).

Mr. Romano served until 2013 as President of Telemundo Media and led the broadcast network, its 15 owned stations, the news, sports and entertainment divisions and Telemundo Studios. He oversaw Telemundo International, the company’s Digital Media group, the network’s sales and marketing units and the cable network division. Telemundo secured the 2018 and 2022 U.S. rights to the FIFA World Cup and, in 2012 and 2013, achieved the best primetime performance in the network’s history.

Ignacio Saralegui

Senior Investment Strategist

Vanguard Latin America

Ignacio Saralegui is Senior Investment Strategist for Vanguard Latin America. Ignacio provides clarity and tranquility in the investment decision process, and works with clients in topics such as investment policy, asset allocation, portfolio construction and performance monitoring.

Ignacio has been with Vanguard since 2017 including the period in which he was part of the team of the Outsourced Chief Investment Officer, OCIO, where he managed the investment portfolio for hedge funds endowments, foundations and pension plans. Prior to Vanguard, he was part of Willis Towers Watson where for 10 years he advised institutional investors in all facets construction of your investment portfolio, implementation and risk management.

Ignacio has a Bachelor of Science in Accounting from the Old Dominion University, a Master of Science in Management of Risk by the New York University Stern School of Business and holds the FINRA series 7 license.

Rafael del Villar Alrich

Advisor to the Governor & Director of Analysis and Policies of Environmental and Social Risks

Bank of Mexico

Rafael del Villar has a Ph. D. in economics from the University of Pennsylvania (1988). He has experience in academia (professor of economics at the University of Texas A&M and at ITAM in México) and in the design and implementation of microeconomic policy and regulation in areas such as competition, telecommunications and finance.  Over the last years his focus has been sustainable finance.

On sustainable finance, he was a founding member of the G20 Green Finance Study Group in 2016 and of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).  As advisor to the Governor of the Bank of Mexico and recently as director of Analysis and Policies of Environmental and Social Risks of Banco de México, he has been directing his efforts in creating the institutional infrastructure to support the integration of material climate and environmental risks and reporting systems into the Mexican financial system.

Juan Pablo Spinetto

Managing Editor for Economics and Government in Latin America

Bloomberg News

Juan Pablo Spinetto is a Managing Editor for Economics and Government in Latin America at Bloomberg News, responsible for the coverage of the region’s economic and political news. As part of an 18-year career at Bloomberg, Spinetto was previsouly executive producer for Bloomberg TV in Mexico City, overseeing the network’s development of its joint venture El Financiero-Bloomberg TV, and the magazine Bloomberg Businessweek México.

From 2010 to 2016, Spinetto was a reporter-at-large covering the commodities and energy industries for Bloomberg News based in Rio de Janeiro, where he wrote the Bloomberg Businessweek cover story “How to Lose a $34.5 Billion Fortune in a Year,” among several other articles and exclusives.

Spinetto started his Bloomberg career in London in 2004 after being awarded a master’s degree in global politics at the University of London.

He was born in Buenos Aires, where he graduated from the Faculty of Economics/UBA.

Nacha Cattan

Mexico City Bureau Chief

Bloomberg News

Nacha Cattan is the Mexico City Bureau Chief for Bloomberg News, where she leads a team of reporters and editors who produce more business and economic news than any other international news outlet in Mexico.

Before assuming her new role, she covered the Mexican economy and the administration of President Andrés Manuel López Obrador, whom she began reporting on more than a decade ago. During López Obrador’s campaign, she was the first foreign journalist to interview him and the first to do a piece on him on a magazine cover, for Businessweek. Since she joined Bloomberg in 2011, she has won two Chicago Headline Club Awards and an NABJ for her work.

Before Bloomberg, Nacha worked in Mexico for The Associated Press, managing stringers and editing her work. As interim bureau chief for The Christian Science Monitor, she covered immigration and the war on drugs. She began her journalism career at the Forward in New York, where she won a Rockower Award.