Cemex has blazed a trail for Latin America. Lorenzo Zambrano, our CEO of the Year, wants to make it the most profitable integrated building materials firm in the world.
Category: People
Posted inWeb Articles
Brazil: Outperformance & New Asset Classes – The 5th Brazil Investment Forum
Brazil’s rapid economic growth and its associated financial innovation are generating a swathe of new assets both financial – derivatives, asset-backed securities – and real – commodities, bio-fuel and agribusiness. This in turn is supporting the growth of in number and type of domestic investors including the rapid growth of local hedge funds and private equity investment as well as the increased participation of the full array of international investors.
Posted inMagazine
Revamping Mexican Pensions
Afores need more options, says Oscar Medina Mora, CEO of Banamex Investment Management, Mexico’s largest pension fund, with $12.5 billion under management.
Posted inDaily Brief
Embraer Keeps Things Moving
Brazilian aircraft manufacturer Embraer has announced several management changes as part of its “organizational adjustments” and associated with the company’s ongoing CEO succession process. James Bruce Peddle replaces Mark Hale as vice-president of marketing and sales for the US, Canada and Caribbean, as of 1 May. Until then, Charles William (Bill) Parks, regional sales director, will be in charge. Orlando Jose Ferreira Neto replaces Bruce Peddle as managing director of Embraer Asia and Pacific, from 2 April. Mark Paul Hale has been appointed managing director and chief operating officer of Nashville-based subsidiary Embraer Aircraft Maintenance Services (EAMS). Last year, Embraer tapped 45 year-old Frederico Fleury Curado to succeed president and chief executive Maurício Botelho who is set to step down in April.
Posted inDaily Brief
BBVA Reorganization Means New Head For Bancomer
BBVA Bancomer, the Mexican unit of Spanish banking giant BBVA, is to have a new chief executive after BBVA appointed current CEO Jaime Guardiola as head of a newly formed division: BBVA Spain and Portugal. His replacement at Bancomer will be Ignacio Deschamps, currently in charge of Bancomer’s commercial banking business. The reorganization of the Group also sees a new global division to be headed up by José Barreiro.
Posted inDaily Brief
Jagdeo Triumphs In Guyana Elections
Bharrat Jagdeo, of the ruling People’s Progressive Party (PPP), has been elected for a third consecutive term as president of Guyana. With 99.3% of votes counted, the ruling PPP had earned 55% of the vote, followed by Robert Corbin of the People’s National Congress (PNC) with 34%. The Alliance For Change (AFC) party, which stood on a platform of racial unity, managed to gain 8% of voter support. The PPP, which is seen to represent the majority Indo-Guyanese population, has held power in Guyana since 1992. Jagdeo, a 43-year old Russian-educated economist, is regarded as a pragmatist who believes in free trade and foreign investment.
Posted inMagazine
In for the Long Haul
Richard Frank, CEO of Darby Overseas Investments, which has taken positions in more than a half-dozen Latin American banks, explains why the segment remains attractive for private equity.
Posted inMagazine
Executive Excellence
Banco Itaú CEO Roberto Setúbal is a legend among investors for delivering double digit returns to shareholders throughout his 11 years at the helm.
Posted inDaily Brief
People
Our Man at the IDBColombia’s ambassador to Washington, Luis Alberto Moreno, won a decisive election victory to take over as president of the Inter-American Development Bank. He soundly beat rivals […]
Posted inDaily Brief
GE Increases Brazil Sales Forecast
General Electric increased its 2005 sales forecast in Brazil from $1.2 billion to $1.5 billion on rising lending and sales of equipment such as jet engines. CEO Jeffrey Immelt said in his annual report to shareholders in March that he expects 60 percent of the company´s sales rise in the next decade to come from outside the US. GE forecasts total sales will rise to as much as $170 billion this year from $152 billion in 2004.