Miguel is Founder and Chairman of the Board at FORTEM CAPITAL, a Private Equity Fund Manager focused on Real Estate, whose Fund investment
Vehicles are listed and publicly traded at the Mexican Stock Exchange (BIVA); he is also part of the Board at Co-Capital, the Real Estate
Committee of Grupo Coppel, Club de Industriales in Mexico City, Fundación Mare Nostrum, Foro Mar de Cortes, and Mexico’s National Private
Equity Association (AMEXCAP).
Throughout his professional career he has held various administrative and managing positions, such as: Founder and Managing Director of
Inmobiliaria Península de la Baja (Grupo IPB) where he developed, stabilized, and sold over 5,000,000 sqft in Commercial RE in Mexico for 15
years. Prior to that, he was the Managing Director of the editorials Mexico Desconocido Online and Libros Libros, Books Books. Additionally,
he became part of the Regional Council for BBVA Bancomer and Banorte.
Miguel has a Law degree from the Anáhuac University along with an MBA from IE Business School, the Business School of the Instituto de
Empresa in Madrid. He also has several postgraduate degrees from Harvard Business School and Wharton, Pennsylvania University.
Luis Téllez holds a BA (Suma cum Laude) in Economics from the Instituto
Tecnológico Autónomo de Mexico (ITAM), and a Ph.D. in Economics from the
Massachusetts Institute of Technology (MIT).
Starting in 2015 he was named Head for Mexico, of the New York based
investment firm KKR, as well as Chairman of the NTT consulting firm Everis in
Mexico, a position he held from 2015 to 2020. After leaving Everis he became
member of the Executive Committee of NTT Data Services in Mexico, a
company from the same NTT Global Group.
He serves, as Director of Cultiva (Mexico´s sole PEPSI bottling company) and of
GAP (Grupo Aereoportuario del Pacífico), both listed at the MES. He is a board
member of McLarty Associates, the international strategy firm founded by
President´s Clinton Chief of Staff, and of the non-listed company MABE. He
served as a Director of Chubb Ltd, one of the largest Insurance companies in
the world, where he was member of its Audit Committee. He has been twice
Director of Sempra Energy; the California based Energy Company from 2004 to
2006 and from 2010 to 2015.
From May 2009 to December 2014 he served as Chairman of the Board and CEO
of the Mexican Stock Exchange (MSE). During his tenure, he presided over the
largest number of IPO’s in the history of the MSE. He was responsible for
listing the first Mexican REIT, and of designing an instrument so that the
Mexican Pension Funds (AFORES) could invest in alternatives. Through this
instrument more than 4 billion USD were raised from the AFORES to invest in
infrastructure, real estate and private equity. During this time revenues at the
MSE grew at 10 CAGR and the operating margin by 830 bp. In 2013, financing
through the MSE reached a record 7% of GDP. Téllez also presided over a full
upgrading of the technological capabilities of the exchange putting it among the
best in class in throughput and low latency.
Téllez opened the office of the Carlyle Group in Mexico, and was its co-head
from 2003 to 2006. From 2001 to 2003, he was Executive Vice President (CEO)
of Desc, one of Mexico’s most important industrial and real estate companies of
the country, where he led the financial restructuring of the then heavily
indebted conglomerate. During the 2001-2006 he was a member of the board of
FEMSA, Grupo México, BBVA-Bancomer, Cultiba and Global Industries. He has
been a member of the Advisory Board of the Mexican subsidiaries of Daimler
Chrysler, Siemens and General Electric
He is a special advisor to Refintinv Mexico and also special advisor in financial
and corporate governance issues, of Estrella Blanca, Mexican second largest
passenger transportation company and Calidra, Latin America’s largest lime
company. Mr Téllez also established one of the first electricity supplier
companies "Kualion" for the Mexican electricity market.
In the past 20 years Téllez served as Secretary of Communications and
Transportation (2006-2009), Secretary of Energy (1997-2000) and Chief of
Staff of President Ernesto Zedillo (1994-1997). Téllez was also Deputy
Secretary of Agriculture and Head Economist at the Treasury.
As a public official, he was a key player in policy decisions to improve the
structure of the Mexican economy in macroeconomic, financial, energy and
agricultural issues such as: putting in place the most ambitious program to
expand Mexican transportation infrastructure based on public and private
financing. Participating in structuring and negotiating the financial package that
allowed Mexico to solve the financial crisis of 1995; being part of the team that
implemented the bailout program of the Mexican banking system in 1995-1997.
Leading the expansion of power generation and transmission infrastructure
during the late nineties; leading the negotiations with Saudi Arabia and the rest
of the OPEC countries that prevented the collapse of oil prices in the late 90´s;
heading the expansion of oil and natural gas production in Mexico and leading
the team that established the fully Funded Pension System.
Téllez drafted the constitutional changes and implementing legislation, which
ended the agrarian reform and gave full property rights to communal lands. He
was also responsible for negotiating the agricultural sector in NAFTA.
Téllez is also member of several non-profit organizations amongst others the
Mexican Council of Foreign Affairs, the Trilateral Commission and the Woodrow
Wilson Institute in Washington, where he became Co-Chairman of the WW
Mexican-Institute since July 2019. He is Chairman of the Club de Industriales
the most prestigious business club in Mexico. He has been married for 37 years
and is the proud father of two daughters.
Pablo Aspe Poniatowski has a extensive career in the business world of Mexico. Currently, he is a Partner at B-NETWORK, a consulting
firm specializing in strategy, marketing, and sales, focused on the financial services sector and actively operating within six main
financial institutions in Latin America. Additionally, since 2016, Pablo has served as Independent Director for BanCoppel SA, a Multiple
Banking Institution.
Pablo holds a Bachelor's degree in Economics and Business Administration from the University of St. Thomas in Houston, Texas.
For 15 years, Pablo held key positions at Scotiabank Mexico. Among them, he served as Deputy General Director of Marketing and Product,
General Director of Consumer Banking, and finally as General Director of Scotia Inverlat Casa de Bolsa and Wealth Management. His leadership
was a key factor in the success of Scotiabank Mexico, where he developed and implemented a strong sales and service culture.
Pablo is recognized for his commitment to the community, his interest in improving education, the mentoring of future leaders, and the
promotion of small businesses and entrepreneurship.
Luis Peña Kegel is a founding partner and Co-Chairman of Silvergreen Capital, a Mexican
investment advisory boutique, specialized in mergers and acquisitions, corporate restructuring
and structured financing.
Prior to that, he served as Vice Chairman, Global Banking and Markets, Latin America for
HSBC, the largest bank in Europe. HSBC has assets of USD$3 trillion, is present in 66
countries and employs 235,000 people.
In this role, he was responsible for the relationships with key clients in the region, as well as
serving as a liaison with top government officials. He is actively involved in generating eventdriven businesses, mainly debt and capital markets, equity offerings and mergers and
acquisitions. He held this role since January 2016 to March 2021.
From March 2008 to December 2015, Mr. Peña Kegel served as CEO for HSBC Mexico.
During this period the profit before tax increased from USD$345 million to USD$860 million. He
was also responsible for a comprehensive de-risking program for the whole bank,
encompassing the closure of branches in high risk locations, streamlining the product suite
offered by the bank and eliminating the risk from operations with retail cash dollars. This derisking program was widely recognized by the Mexican authorities, including the Minister of
Finance, the Governor of the Central Bank and the President of the Mexican Banking and
Securities Commission. Some of these initiatives were later adopted by other banks in Mexico.
Before joining HSBC, Luis served as CEO for Banorte - a large Mexican commercial bank with
more than 1,200 branches and 17,000 employees - for four years (2004-2008). During this time,
he conducted a deep cost reduction exercise, a large balance sheet restructuring which got rid
of a large portion of low yielding government securities (known as Fobaproa notes at the time)
and also expanded the international investor base for the bank. During his tenure in Banorte,
the market capitalization of the bank grew from USD$1.8 billion to USD$10 billion.
From 1983 to 2004, Mr. Peña Kegel worked for Citibanamex in different roles, including Head
of Corporate and Commercial Banking, Treasurer for the Bank and Director of Hispanic
Markets for Citibank, based in New York from 2002 to 2004. In this role he was responsible for
the initiatives linking the large US Hispanic population with their family members in Mexico
through the combined sinergies of Citibank in the US and Banamex in Mexico. The
combination of both banking platforms contributed to significantly lowering the cost of family
remittances.
He is a member of the Board of Directors of Fortem Capital, a Mexican company active in the
growing real estate sector in Mexico, with a wide portfolio of industrial, commercial and
residential projects. Previously he was Chairman of California Commerce Bank (banking, USA),
Buró de Crédito (financial, Mexico) and HSBC México (banking, Mexico). He has also been
member of the following Boards: Banorte (banking, Mexico), Bansud (banking, Argentina),
Avantel (telecom,Mexico), Seguros and Afore Banorte Generali (insurance joint venture with
Italy-based Generali), Seguros Banamex Aegon (joint venture with Dutch-based Aegon),
Mexicana de Aviación (airline, Mexico), Aeroméxico (airline, Mexico), Banamex Investment
Bank (banking, UK), Intermex (banking, UK) and Asociación de Bancos de México (banking,
Mexico).
Luis was born in Mexico City on January 1960. He obtained a BA in Industrial Engineering from
Universidad Iberoamericana, where he obtained the Top Student Award. in 1986 he finished
an MBA at Stanford University in California.