SPEAKER BIOS
To read the bio of a confirmed program speaker, please click on the name of the speaker.
A new era begins as President Enrique Peña Nieto sets the agenda for his first term in office. Peña Nieto’s inauguration on Dec. 1 returned the Institutional Revolutionary Party to power after a 12-year hiatus from seven decades of uninterrupted rule. Peña Nieto inherits a $1.2 trillion economy that grew faster than Brazil over the past two years. He has pledged to open the state-controlled energy industry to more private investment and bolster tax revenue. Peña Nieto, who led the country’s most-populous state to an investment-grade credit rating during his tenure as governor of the State of Mexico, proposed a balanced budget for his first year in office on Dec. 7. Investors remain optimistic that President Enrique Peña Nieto will succeed in pushing through legal changes that will boost growth. The Bloomberg Mexico Economic Summit will gather the country’s most influential political, financial and corporate minds to take stock of this vital regional and global player.
Join the conversation. Follow @BBGLINK on Twitter.
Tag your tweets with #BBmex.
Club de Banqueros de México | Mexico City
For more information on individual registrations and group rates, contact Elizabeth Hood at +1 212 617 4820 or ehood@bloomberg.net.
For sponsorship opportunities, contact Sue Ann Timco at +1 212 617 3644 or stimco@bloomberg.net.
| 8:30 am | PARTICIPANT CHECK-IN & BREAKFAST |
| 8:55 am | WELCOME & OPENING REMARKS Emcee: Adriana Arai, Managing Editor, Latin America, Bloomberg News |
| 9:00 am | OPENING ADDRESS FROM THE MINISTRY OF FINANCE Luis Videgaray Caso, Minister of Finance and Public Credit, Mexico |
| 9:35 am | AN INTERVIEW WITH THE FINANCE MINISTER Interviewer: Adriana Arai, Managing Editor, Latin America, Bloomberg News |
| 9:45 am | THE PEÑA NIETO ERA BEGINS: OUTLOOK FOR MEXICO, MARKETS & REGULATION A new era begins as President Enrique Peña Nieto sets the agenda for his first term in office. Peña Nieto’s inauguration on Dec. 1 returned the Institutional Revolutionary Party to power after a 12-year hiatus from seven decades of uninterrupted rule. Inheriting a $1.2 trillion economy that grew faster than Brazil over the past two years, Peña Nieto has pledged to open the state-controlled energy industry to more private investment and bolster tax revenue. Peña Nieto, who led the country’s most-populous state to an investment-grade credit rating during his tenure as governor of the State of Mexico, proposed a balanced budget for his first year in office on Dec. 7. What is the outlook for Mexico? How are investors viewing investment opportunities in the region? Speakers: Eduardo Navarro Martínez, Chief Executive Officer, Accival Carlos Ramírez Fuentes, President, National Commission for the Pension System (CONSAR) Alejandro Valenzuela, Chief Executive Officer, Grupo Financiero Banorte Martin M. Werner, Managing Director, Co-Head of Investment Banking Latin America, Goldman Sachs Interviewed by: Carlos Manuel Rodríguez, Mexico Bureau Chief, Bloomberg News * Session to be conducted in Spanish * |
| 10:10 am | THE APPETITE FOR MEXICO’S DEBT Mexico enjoys more support from foreign investors than at any time in the past decade. Led by Bill Gross’s Pacific Investment Management Co., international investors owned 53 percent of Mexico’s $144 billion fixed-rate peso bond market, the highest proportion since February 2000. Mexico’s central bank cut its benchmark interest rate for the first time in three and a half years after inflation held within its target range for a third month and economic growth slowed. Banco de Mexico reduced the overnight lending rate by 50 basis points to a record-low 4 percent. What will the impact with the rate move be on the appetite for Mexico’s debt? Where are the opportunities in fixed income? What debt strategies are investors putting to work in Mexico? Debt Fun Fact: Mexico’s lower debt levels and higher yields made investing in the nation’s debt instead of German notes a decision so obvious to Gross that he ended his June 2012 comments on the Pimco Twitter account with the word “duh.” Speakers: Steven Costabile, Managing Director, Global Head of Private Funds Group, PineBridge Investments Mauro Leos, Vice President - Senior Credit Officer, Moody's Investors Service, Inc. Doug Smith, Director, Emerging Markets Fixed Income Research, TIAA-CREF Interviewed by: Andre Soliani Costa, Latin America Economy and Government Team Leader, Bloomberg News * Session to be conducted in English * |
| 10:35 am | MEXICO'S ECONOMY: THE STATE OF TRADE lldefonso Guajardo Villarreal, Secretary of Economy, Mexico Interviewed by: John McCorry, Executive Editor, Americas, Bloomberg News * Session to be conducted in English * |
| 10:55 am | INFLATION, THE PESO & FX STRATEGIES Global investors are turning to Mexico for yield. Mexico’s four-year-old expansion, slowing inflation and debt ratios half those in the U.S., are winning over investors searching for stable returns as Europe’s economy heads for a contraction. The peso strengthened 8.4 percent last year against the dollar, the biggest gain among 16 major currencies tracked by Bloomberg. What is the outlook for the peso? How are investors viewing inflation? How is the peso trading against the Brazilian real and Latin America’s other major currencies? What policy moves are driving the peso’s value? What strategies are LatAm FX investors putting to work? What is the legacy of the 1994 peso devaluation? Speakers: Jens Nordvig, Managing Director, Head of Fixed Income Research and Global Head of FX Strategy, Nomura Michael Shaoul, Chairman and CEO, Marketfield Asset Management Roberto Torres, Director, Head of Mexico FX Trading and Senior Latin America FX Trader, BNP Paribas Interviewed by: Ben Bain, Emerging Markets and Latin America Reporter, Bloomberg News * Session to be conducted in English * |
| 11:20 am | M&A: MEXICO GOES MULTINATIONAL Mexico overtook Brazil as Latin America’s biggest market for equity offerings, with $11.8 billion worth of deals since the start of 2012. Mexico was home to some of Latin America’s biggest deals of 2012, including AB InBev’s $20.1 billion purchase of Mexico’s Grupo Modelo, BP’s $5.55 billion sale of its Gulf of Mexico oil and gas properties to Plains Exploration & Production (PXP), and Sherwin-Williams’ $2.34 billion acquisition of Consorcio Comex. What is the outlook for dealmaking in Mexico in 2013? What other big companies might be acquisition targets? What international companies are looking for acquisitions in Mexico? What are multinational corporate strategies in Mexico? How are structures like CKDs playing into the dealmaking environment? Speakers: Alfredo A. Capote, Managing Director, Investment Banking Head of Mexico, Citi Eduardo Cepeda, President and CEO, J.P. Morgan Grupo Financiero S.A. de C.V. Carlos García Moreno, Chief Financial Officer, América Movil S.A.B. de C.V. Daniel Muñiz Quintanilla, Chief Financial Officer, Grupo Mexico Interviewed by: Serena Saitto, Senior Deal Reporter, Bloomberg News * Session to be conducted in Spanish * |
| 11:50 am | EYE ON TRADE: BEYOND NAFTA Trade is at the heart of Mexico’s growth story. The North American Free Trade Agreement implemented in 1994 helped spur a six fold increase in Mexican exports to the U.S., and the economy has almost tripled since it took effect. The U.S. remains Mexico’s biggest-trading partner. Now, Trans-Pacific Partnership trade negotiations are underway. Mexico is negotiating with the U.S., Canada and eight other nations in the Americas and Asia. What is the outlook for south-south trade? What impact could the Trans-Pacific Partnership have on the economy? What is the outlook for Mexico’s trade policy? Speakers: Alan H. Fleischmann, Principal and Managing Board Member, Albright Stonebridge Group LLC Rodrigo Fonseca , Founding Partner, EMX Capital Carla A. Hills, Chair and CEO, Hills & Company, International Consultants; Former U.S. Trade Representative (1989-93) Interviewed by: Eric Martin, Reporter, Bloomberg News * Session to be conducted in English * |
| 12:15 pm | REFORM: LABOR, ENERGY & THE MONOPOLY CHALLENGE As Peña Nieto puts forward economic reforms to boost competitiveness, energy has been cited a top priority. Labor reform and corporate monopolies are also likely to be addressed. Mexico has the third-largest proven oil reserves in Latin America after Venezuela and Brazil, according to state-owned oil company Petroleos Mexicanos, known as Pemex. Peña Nieto, who took office Dec. 1, said during the campaign he would make opening Pemex to more private investment his “signature issue” as he looks to reverse production declines. Peña Nieto’s initiative may be the biggest energy-industry overhaul since the late President Lazaro Cardenas seized oil fields from British and U.S. companies 75 years ago. What is the outlook for Mexico’s energy sector? What is the expectation for proposed reforms? How much private capital could national energy assets attract? What is the risk to investors of future seizure of assets? What labor reforms should be put in place? How are monopolies hurting the economy and how should they be addressed? Speakers: Joost Draaisma, Senior Economist for Mexico, The World Bank Héctor Moreira, Board Member, Petróleos Mexicanos (PEMEX) Enrique Quintana, Chief Editor, El Financiero Alejandro Schtulmann, Head of Research, Emerging Markets Political Risk Analysis (EMPRA) Interviewed by: Adriana Arai, Managing Editor, Latin America, Bloomberg News * Session to be conducted in Spanish * |
| 12:45 pm | MEXICO’S MANUFACTURING BOOM The nation’s access to cheap energy, low wages and proximity to U.S. consumers are sparking a manufacturing boom that has lured investment from Ford Motor Co. to Bombardier Inc. (BBD/B) and is on pace to boost exports to a record this year. In the past decade, Mexico has almost doubled auto exports, tamed double-digit inflation and lifted about a fifth of its population into the middle class. Over the past two years, automakers have said they plan to pour an additional $7.8 billion into plants in Mexico, according to Sean McAlinden, a labor economist with the Center for Automotive Research in Ann Arbor, Michigan. Nissan Motor Co. is spending $2 billion to build its third plant in Mexico, while Honda Motor Co. is investing $800 million in its first large Mexican assembly plant. Mazda Motor Corp. is building a $500 million factory. Ford said in March it was planning $1.3 billion in plant upgrades in Mexico. Volkswagen AG’s Audi unit is building the nation’s first luxury-car factory. How is Mexico luring manufacturing? How is the manufacturing boom impacting Mexico? What are multinationals’ Mexico strategies? Speakers: Juan Manuel González Lelo de Larrea, Head of Sales and Business Development for Latin America, Bombardier Transportation Systems Marco Oviedo, Chief Economist, Mexico, Barclays; Former Chief Economic Advisor, President Felipe Calderon Eduardo Javier Solís Sánchez, Executive Chairman, Mexican Association of the Automotive Industry (AMIA) Interviewed by: Brendan Case , Reporter, U.S. Industrial, Bloomberg News * Session to be conducted in Spanish * |
| 1:15 pm | LUNCH BYTES: THREE GROWTH IDEAS FOR MEXICO Three executives present their strategies for growth opportunities in Mexico from hotels development to socially driven venture investing to hunting for gold on the Guerrero Gold Belt. Speakers: Simón Galante, Founding Partner and CEO, General de Grupo GDI; CEO, FibraHotel Roy Sosa, Founder, Chairman and CEO, Rêv Worldwide, Inc. Richard O'C. Whittall, Director, President and CEO, Newstrike Capital, Inc. Interviewed by: Jonathan Levin , Mexico Financial Markets Reporter, Bloomberg News * Session to be conducted in English* |
| 1:40 pm | LUNCH |
| 3:00 pm | WELCOME BACK REMARKS |
| 3:05 pm | INFRASTRUCTURE STRATEGIES AROUND THE SECURITY CHALLENGE Mexico’s drug war cost more than 58,398 lives under the previous administration, according to newspaper Milenio, which tracks monthly killings. Crime costs Mexican businesses 115 billion pesos ($9 billion) annually and shaves 1 percentage point off annual gross domestic product, according to a government report in December. How is the new administration meeting the security challenge? What is the strategy for winning the drug war? What is the scope of the cartel threat and what is the outlook for achieving security and stability? How are the security challenges impacting infrastructure projects? Where are the greatest challenges? What is the outlook for infrastructure projects and investments? Where are the greatest opportunities? One-on-one interview: Jesús Murillo Karam, Attorney General, Mexico Roundtable discussion: Jonathan Davis Arzac, Executive Chairman, Macquarie Infrastructure and Real Assets Hector Grisi, Managing Director and CEO, Credit Suisse Mexico Frank L. Holder, Chairman of Latin America, FTI Consulting Jesús Murillo Karam, Attorney General, Mexico Duncan Wood, Director, Mexico Institute, Woodrow Wilson International Center for Scholars Interviewed by: Nacha Cattan, Mexico Economy and Government Correspondent, Bloomberg News * Session to be conducted in Spanish* |
3:50 pm | JOINT VENTURES, CORPORATE REFORM & THE OUTLOOK FOR GROWTH Earlier this year Petroleos Mexicanos, the world’s fourth-largest oil producer, approved a petrochemical joint venture with Mexichem SAB that had been postponed since the agreement was announced in June 2011. The arrangement will serve as a model for Mexico of the state-owned company working with the private sector. What is the outlook for the joint venture? How could the Mexichem joint venture model prompt similar projects? What challenges lie ahead? What is the strategy for growth? What is the chemical maker’s outlook for acquisitions? Juan Pablo del Valle Perochena, Chairman, Mexichem SAB Interviewed by: Carlos Manuel Rodríguez, Mexico Bureau Chief, Bloomberg News * Session to be conducted in Spanish * |
| 4:10 pm | RELATIVE VALUE: MEXICO, BRAZIL & OTHER EMERGING MARKETS Latin America’s second-biggest economy, which is about half the size of Brazil’s, outgrew its larger regional peer in each of the past two years, posting annual expansions of about 4 percent as construction and auto production jumped. Peña Nieto is helping to bolster the growth outlook by pledging to work with the opposition on laws to strengthen the economy. What is the relative value of investing in Mexico over Brazil and other emerging markets? How are investors assessing risk versus value? Is Mexico on track to overtake Brazil? Speakers: David M. Gruppo, Managing Director and Head of Latin America Corporate and Investment Banking for the Americas, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Geoffrey C. Pazzanese, Vice President and Senior Portfolio Manager, Federated Investors Carlos Vara, Founding Partner, VACE Partners Pedro Zorrilla Velasco, SVP, Corporate Services and Institutional Relations, Bolsa Mexicana de Valores Interviewed by: Helder Marinho, Team Leader, Latin America Speed Desk – São Paulo, Bloomberg News * Session to be conducted in English * |
| 4:45 pm | CLOSING REMARKS COCKTAIL RECEPTION HOSTED BY: THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. Musical performance arranged by Carnegie Hall: Conductor Humberto Lopez leads members of the Camerata Metropolitana PAST CONFERENCE AGENDAS: AGENDA: Bloomberg Mexico Economic Summit - Nov 2010 Mexico City AGENDA: Bloomberg Mexico Economic Summit - Nov 2009 Mexico City |
To read the bio of a confirmed program speaker, please click on the name of the speaker.
Minister of Finance and Public Credit
Mexico
Managing Director, Investment Banking Head of Mexico
Citi
President and CEO
J.P. Morgan Grupo Financiero S.A. de C.V.
Managing Director, Global Head of Private Funds Group
PineBridge Investments
Executive Chairman
Macquarie Infrastructure and Real Assets
Chairman
Mexichem SAB
Principal and Managing Board Member
Albright Stonebridge Group LLC
Partner
EMX Capital
Founding Partner and CEO
General de Grupo GDI
Chief Financial Officer
América Movil S.A.B. de C.V.
Head of Sales and Business Development for Latin America
Bombardier Transportation
Head of Public Equities & Hedge Funds
Bureau of Asset Management
NYC Office of the Comptroller
Managing Director
Global Head, Hedge Fund Research and Management & Asset Allocation Products
Citi Private Bank
Founder and Senior Managing Director
Strategic Value Partners Global
Co-Chief Investment Officer, Hedge Fund of Funds Group
SSARIS Advisors, LLC
Co-founder and CEO, Thrillist Media Group
Managing Director, Lerer Ventures
Director
Eurasia
Chairman and CEO, Revolution
Co-Founder, America Online
Chairman, The Case Foundation
Founder & Chief Investment Officer
Capital Innovations, LLC.
Chief Investment Officer
Russell Investments – Canada
IBM Fellow and VP, CTO and Strategist, Business Analytics
IBM
Managing Director and CEO
Credit Suisse Mexico
Managing Director and Head of Latin America Corporate and Investment Banking
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Chair and CEO, Hills & Company, International Consultants
Former U.S. Trade Representative (1989-93)
Chairman of Latin America
FTI Consulting
Vice President – Senior Credit Officer
Moody’s Investors Service, Inc.
Board Member
Petróleos Mexicanos (PEMEX)
Chief Financial Officer
Grupo Mexico
Attorney General
Mexico
Chief Executive Officer
Accival
Managing Director, Head of Fixed Income Research and Global Head of FX Strategy
Nomura
Chief Economist, Mexico, Barclays
Former Chief Economic Advisor, President Felipe Calderon
Vice President and Senior Portfolio Manager
Federated Investors
Chief Editor
El Financiero
President
National Commission for the Pension System (CONSAR)
Head of Research
Emerging Markets Political Risk Analysis (EMPRA)
Chairman and CEO
Marketfield Asset Management
Director, Emerging Markets Fixed Income Research
TIAA-CREF/Financial Services
Executive Chairman
Mexican Association of the Automotive Industry (AMIA)
Founder, Chairman and CEO
Rêv Worldwide
Director, Head of Mexico FX Trading and Senior Latin America FX Trader
BNP Paribas
Chief Executive Officer
Grupo Financiero Banorte
Founding Partner
VACE Partners
Managing Director, Co-Head of Investment Banking Latin America
Goldman Sachs
Director, President and CEO
Newstrike Capital, Inc.
Director, Mexico Institute
Woodrow Wilson International Center for Scholars
SVP, Corporate Services and Institutional Relations
Bolsa Mexicana de Valores
Managing Editor, Latin America
Bloomberg News
Emerging Markets and Latin America Reporter
Bloomberg News
Reporter, U.S. Industrial
Bloomberg News
Mexico Economy and Government Correspondent
Bloomberg News
Mexico Financial Markets Reporter
Bloomberg News
Team Leader, Latin America Speed Desk – São Paulo
Bloomberg News
Reporter
Bloomberg News
Executive Editor, Americas
Bloomberg News
Mexico Bureau Chief
Bloomberg News
Senior Deal Reporter
Bloomberg News
Latin America Economy and Government Team Leader
Bloomberg News
VENUE LOCATION:
SPEAKING OPPORTUNITIES:
Please email Ms. Robin Wood to inquire about speaking opportunities on this year's program. Please include a bio and a high-resolution JPG photo (300dpi / 1MB) of the executive that you would like to nominate to speak on the conference program.
PRESS QUESTIONS & INQUIRIES:
Please email Ms. Angela Martin with any press related questions. If you are a journalist who would like to attend and cover the summit, please send your full contact details (name / title / company / mobile phone / email) to Angela Martin.
BLOOMBERG NEWS: MEXICO
For up-to-date news on business in Mexico, please visit Bloomberg.com