Ashmore Group plc (“Ashmore” or “the Group”), the specialist Emerging Markets asset manager, announces the recently opened office in Mexico City has received regulatory approval from the CNBV to act as a registered independent corporate investment advisor.

The registration enables Ashmore Mexico to both raise capital from domestic Mexican clients and provide investment advice on assets in Mexico. The establishment of Ashmore’s Mexican business marks a further step in the Group’s strategy of developing a network of local asset management platforms. The office will operate with a local team led by Mexico Chief Executive Officer, Rodrigo Blancas De Erice.

The Group’s expansion into Mexico reflects its confidence in the long-term growth of the country’s domestic pensions market¹. Mexico’s 2020 pension reforms² have significantly accelerated contribution flows and Ashmore believes it is well positioned to support local pension funds through its Emerging Markets specialism, proven local office network growth strategy and the combination of an in-country presence with the broader investment and operational resources of Ashmore Group plc.

Following the regulatory approval, Ashmore Mexico is planning to launch an onshore Mexican equities fund. This fund launch follows the establishment of the Ashmore SICAV Mexico Equity Fund in June 2025.

Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: “The regulatory approval for our Mexico office represents another important step in the development of Ashmore’s local office strategy. Mexico offers a compelling long-term opportunity as pension reforms drive growth in domestic assets and institutional investors increasingly look for experienced partners to help manage their capital. With a deeply experienced local team and the support of Ashmore’s global resources, Ashmore Mexico is well positioned to serve both domestic and international clients and contribute to the Group’s continued growth.”

Rodrigo Blancas De Erice, Chief Executive Officer, Ashmore Mexico, said: “We are excited to have established Ashmore’s presence in Mexico City at a time when the local pensions market is entering a new phase of growth. As assets increase, pension funds will increasingly look for trusted managers with the expertise, discipline and local market knowledge required to deploy capital effectively. Ashmore’s approach combines a strong local presence with the backing of a leading specialist Emerging Markets investment manager, which we believe positions us well to support clients here in Mexico and internationally over the long term.”

ENDS

Notes to Editors

About Ashmore

Ashmore is a specialist Emerging Markets investment manager that has successfully managed its clients’ capital for more than 30 years. The business was founded as part of ANZ in 1992, became independent in 1999 and listed on the London Stock Exchange in 2006. As of 31 March 2026, it manages $50.7 billion which is diversified by investment theme and by client. It is headquartered in London and has a network of 12 international offices, in Colombia, India, Indonesia, Ireland, Japan, Mexico, Peru, Qatar, Saudi Arabia, Singapore, the UAE and the United States of America.

Media contact details for Ashmore Group

Cardew Group
Ashmore@cardewgroup.com
+44 207 766 1212

Henry Crane
henry.crane@cardewgroup.com
+44 7918 207157

1. CONSAR’s (Mexico’s pension regulator) latest statistics show total net SIEFORE assets of MXN 8.67 trillion as of February 2026.
2. Mexico’s 2020 pension reform is increasing total mandatory retirement contributions from 6.5% of salary pre-reform to 15% by 2030.