Bolsa Nominates ex-SCT Head Tellez

Controlling shareholders of the Mexican Bolsa have nominated former minister of transport and communications Luis Tellez to be its next president, the Bolsa says. The appointment will be voted on by all shareholders at a meeting to be scheduled for next month. Tellez, who has also served as energy minister and as an MD with The Carlyle Group, resigned from the government earlier this month following a scandal over recorded personal phone calls. Tellez would replace Guillermo Prieto, who has headed the stock exchange for the past 8 years. The Bolsa went public in June, raising $420m, in one of the last new equity issues the region has seen. Guillermo Medina, communication sub-director at the Bolsa, says Prieto and the controlling shareholders agreed that it was time for him to leave the presidency and let someone else take charge, now that the Bolsa is a public entity. He adds that the Bolsa’s previous president, Manuel Robleda, also left after 8 years. Some of the other candidates being considered for the post, Medina says, are Jonathan Davis, former president of the national securities and banking commission; José Antonio González, a director at the treasury ministry and Pedro Zorrilla, general adjunct director at the Bolsa.