About Vanguard | South America Site

About us

A different kind of investement firm

Our mission: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

We believe four simple principles can improve your chances of investment success.

Think about goals

The best way to work toward an investment goal is to start by defining it clearly, take a level-headed look at the means of getting there, and then create a detailed, specific plan. This could be anything from saving for retirement, to buying a home.

Stay balanced

A sound investment strategy starts with an asset allocation suitable for the portfolio’s objective. The allocation should be built upon reasonable expectations for risk and returns and should use diversified investments to avoid exposure to unnecessary risks.

Keep costs low

Investors cannot control the markets, but they can often control what they pay to invest. The lower your costs, the greater your share of an investment’s return.

Maintain perspective and long-term discipline

Sometimes our emotions can lead us to make simple mistakes when investing. The most successful investors are often those who invest for the long term and don’t tinker with their portfolios too much.

Changing the way the world invests

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Client first, it’s really the ethos of how we operate day to day.

We want to make sure that we are delivering performance that’s commensurate with what the client is expecting from a risk standpoint, a performance standpoint, and ultimately their goal standpoint.

So when we think about our investment philosophy, much of what we do is trying to look through the short-term economic cycles and really focusing on what’s in the best interest of our clients over time. And a big part of our strategy’s always been focused on discipline, risk control, but also that long-term approach to investing.

Our investment teams are highly specialized. And much of that expertise is backed up by a globally integrated team with investment locations in the U.S., Europe, and Asia Pacific and we manage these portfolios using a collaborative approach, we’re getting the very best thinking from people around the globe.

All of our efforts are singularly focused on our clients. That means that as we get better at what we do, and that’s our aim every single year, that value that gets created goes back to our shareholders and that makes us very, very unique.

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The Vanguard effect comes to South America

Our client-focused approach is anchored in the ownership structure of The Vanguard Group, which aligns our interests with those of our clients. As a result, investors in the Americas benefit from Vanguard’s stability and experience, low costs, and client focus.

Providing low-cost investments isn't a pricing strategy for us. It's how we do business. A relentless mission to keep costs low

We listen carefully to our clients

Aproach has earned us the trust of millions of investors and allowed us to become one of the world’s largest investment management companies, with a presence in Europe, Australia, and Asia as well as the Americas.

Providing low-cost investments isn't a pricing strategy for us. It's how we do business.

We believe in giving investors access to broadly diversified investment solutions at a low cost. The less you pay for investments, the more you get to keep from your potential returns.

Our unique ownership structure aligns our interests with those of our investors

At Vanguard, we don’t have any outside owners, so we don’t need to worry about a stock price or about generating profits for outside owners. This helps us keep costs low, so more of our client´s money stays in their pocket—where it belongs.

_{Notes: This hypothetical illustration depicts the potential impact of Vanguard's ownership structure. All other factors being equal, Vanguard's ownership structure may allow investors to keep more of their investment returns. The proportions shown do not represent any specific company's actual distribution of returns or percentage operating expenses.}

AUM

$9.3T

Clients

50M+

Global Offices

Chairman and CEO

Tim Buckley

Number of employees

20,000

Our management team

Head of Vanguard's Americas business

Kathleen C. Bock

Kathleen C. Bock is a principal and head of Vanguard's Americas business, which includes Canada, Latin America, and the Caribbean.

Before joining the International Division, Ms. Bock was Vanguard's chief audit executive. She also spent time in Corporate Financial Services and Fund Financial Services. Before coming to Vanguard in 1997, Ms. Bock worked at PricewaterhouseCoopers and held numerous financial management positions in the United States and Europe.

Ms. Bock holds a B.B.A. in accounting from Temple University and is a graduate of Harvard Business School's Advanced Management Program.

Head of Vanguard´s Latin America

Juan Hernandez

Juan Hernández serves as Head of Latin America at Vanguard. Responsible for business strategy and execution for Vanguard’s Mexico and Latin America businesses. Before joining Vanguard in 2017, Mr. Hernández worked at BlackRock as director and head of institutional sales, where he was responsible for managing the commercial strategy and sales teams of the institutional business in México.

Mr. Hernández has also held roles as director and head of iShares sales, México, and as vice president of institutional sales for iShares México. Prior to BlackRock, Mr. Hernández held several positions that included working in real estate in San Francisco, California, and investment banking in Uruguay.

Mr. Hernández has a degree in business administration from the Catholic University of Uruguay and a post- graduate degree in finance from the ORT Uruguay University and a master's degree in business administration from the Berkeley University of California.

Head of Legal and Compliance Vanguard Latin America

Juan S. Nito

Juan S. Nito is the Head of Legal and Compliance for Vanguard Latin America since 2018. Before joining Vanguard Mr. Nito held senior positions at financial institutions. Previous to that, he was a senior associate in the financial practice of a top tier Mexican law firm. Mr. Nito has more than 15 years of experience in the financial sector, locally and internationally with a focus in Latin-America.

Mr. Nito has a J.D. from Universidad Panamericana and has a Masters in Banking and Finance Law from Boston University.

Head of Wealth Management Vanguard Latin America

Pablo Bernal

Pablo is the Head of Wealth Management Business Development for Latin America. Based in Mexico City, he´s in-charge of managing Vanguard relationship with the region´s asset managers, RIAs and private banks. Prior to joining Vanguard in 2017, Mr. Bernal was an equity portfolio manager at Sherpa Capital where he managed local and global investment strategies. He began his career in the investment management industry as a business development analyst at BlackRock in Mexico City.

PabloBernal is a Chartered Financial Analyst (CFA®) and holds a B.A. in public accounting and financial strategy from Instituto Tecnológico Autónomo de México (ITAM).

Head of Institutional Sales Vanguard Latin America

Adriana Rangel

Adriana Rangel is the Head of Institutional Sales for Latin America. Responsible for the design and execution of the business strategy in the Institutional client segment at Vanguard México, which includes the positioning of passive and active solutions such as ETFs and Mutual funds, as well as investment advisory services between Afores, Insurers, Corporations. and other participants in the stock market such as Brokerage Houses and Stock Exchanges.

Prior to joining Vanguard, Ms. Rangel spent six years at BlackRock where she was Director of iShares Global Markets for Latin America, focused on strengthening the operating ecosystem of local and global ETFs. Previously, she served as Equity Sales Trader at UBS and was Money Market Trader at Royal Bank of Scotland.

Ms. Rangel has a degree in Economics from the Instituto Tecnológico Autónomo de México and is co-founder of Mujeres en Finanzas, an organization that seeks to promote the development and professional empowerment of women in the financial sector.

Head of Marketing Vanguard Latin America

Mayolo Ortiz

Mayolo Ortiz serves as Head of Marketing for Latin America where he is responsible for the Marketing, PR, Digital and Communication strategy for the whole region.

Before joining Vanguard in 2018, Mr. Ortiz worked at AIG (American International Group) for 5 years. Most recently, he served as Director of Commercial Strategy and Support, responsible for the commercial strategy for the traditional channel including the value proposition for the intermediaries and the creation of sales contest, incentives and bonuses in order to enhance the goals of the traditional channel. Mr. Ortiz has also held roles as Marketing Distribution Manager and Marketing Services Head for the Mexican operation. Prior to AIG, Mr. Ortiz held several leadership positions in institutions such as CitiBanamex (Citi Group), AXA Insurance, Grupo Arcor and Ogilvy, which allows him tools to understand both institutional and retail markets as well as financial and non-financial sectors, with more than 20 years of experience on Marketing, Communication & Commercial Strategy,

Mr. Ortiz holds a bachelor´s degree on Marketing from the Universidad Anahuac de Mexico.

Head of Operations Vanguard Latin America

Perla Sánchez

Perla Sánchez is Head of Operations and Client Services for Vanguard Latin America. Prior to becoming part of Vanguard in March 2019, Ms. Sanchez worked at BlackRock as Vice President of Operation in Mexico. Most recently in she leads the management and oversight of Operations in Mexican and Client Services in Vanguard Latam, as well as supporting the implementation and assessment of new product initiatives. She is focused on enhancing critical operational processes and providing continuity to the global alignment with the operations of our local domiciled product, VMEX. In addition, she participated in the integration and alignment of the Mexican structure business, implementation and optimization of systems and procedures.

Ms. Sanchez holds a B.A. and a Masters degree honors in finance from Universidad Nacional Autonoma de Mexico (UNAM).

The information contained on this site is published in good faith but no representation or warranty, express or implied, is made by Vanguard Mexico or by any person as to its accuracy or completeness and it should not be relied on as such Vanguard Mexico shall have no liability, for any loss or damage arising out of the use or reliance on the information provided including without limitation, any loss of profit or any other damage, direct or consequential. No information on this site constitutes investment, tax, legal or any other advice.

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Access to this site and the offering of securities described herein may be restricted in certain jurisdictions. The information contained in this site is for general guidance only, and it is the responsibility of any person or persons in possession of this material and wishing to make application for securities to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for securities should inform themselves of any applicable legal requirements, exchange control regulations and applicable taxes in the countries of their respective citizenship, residence or domicile.

THE CONTENTS OF THIS WEBSITE SHALL NOT BE UNDERSTOOD AS AN OFFER OR SOLICITATION TO BUY OR SELL SECURITIES IN BRAZIL AND VANGUARD IS NOT MAKING ANY REPRESENTATION WITH RESPECT TO THE ELIGIBILITY OF ANY USER OF THIS WEBSITE TO ACQUIRE THE INTERESTS IN THE SECURITIES DESCRIBED HEREIN UNDER THE LAWS OF BRAZIL. SUCH SECURITIES HAVE NOT BEEN REGISTERED IN BRAZIL AND NONE OF THE INTERESTS IN SUCH SECURITIES MAY BE OFFERED, SOLD, OR DELIVERED, DIRECTLY OR INDIRECTLY, IN BRAZIL OR TO ANY RESIDENT OF BRAZIL EXCEPT PURSUANT TO THE APPLICABLE LAWS AND REGULATIONS OF BRAZIL.

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The financial products described herein are not and will not be registered before the Colombian National Registry of Securities and Issuers (Registro Nacional de Valores y Emisores) maintained by the Colombian Financial Superintendency, or before the Colombian Stock Exchange. Accordingly, the distribution of any documentation in regard to the financial products described here in will not constitute a public offering of securities in Colombia.

The financial products described herein may not be offered, sold or negotiated in Colombia, except under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws and regulations; provided that, any authorized person of a firm authorized to offer foreign securities in Colombia must abide by the terms of Decree 2555/2010 to offer such products privately to its Colombian clients.

The information contained herein on financial products conforms to General Rule No. 336 of the Chilean Financial Market Commission (Comisión para el Mercado Financiero). The information deals with securities not registered under Securities Market Law, nor in the Securities Registry nor in the Foreign Securities Registry of the Chilean Financial Market Commission, and therefore such securities are not subject to its oversight. Since such securities are not registered in Chile, the issuer is not obligated to provide public information in Chile regarding the securities. The securities shall not be subject to public offering unless they are duly registered in the corresponding Securities Registry in Chile. The issuer of the securities is not registered in the Registries maintained by the Chilean Financial Market Commission, therefore it is not subject to the supervision of the Chilean Financial Market Commission or the obligations of continuous information

La información acerca de productos financieros en este sitio se acoge a la norma de carácter general No. 336 de la Comisión para el Mercado Financiero. Dicha información versa sobre valores no inscritos bajo la Ley de Mercado de Valores en el Registro de Valores o en el Registro de Valores extranjeros que lleva la Comisión para el Mercado Financiero, por lo que tales valores no están sujetos a la fiscalización de ésta. Por tratarse de valores no inscritos, no existe la obligación por parte del emisor de entregar en Chile información pública respecto de esos valores. Los valores no podrán ser objeto de oferta pública mientras no sean inscritos en el Registro de Valores correspondiente. El emisor de los valores no se encuentra inscrito en los Registros que mantiene la Comisión para el Mercado Financiero, por lo que no se encuentra sometido a la fiscalización de la Comisión para el Mercado financiero ni a las obligaciones de información continua.

The securities described herein have not been registered under the Peruvian Securities Market Law (Decreto Supremo No 093-2002-EF) or before the Superintendencia del Mercado de Valores (the “SMV”). There will be no public offering of the securities in Peru and the securities may only be offered or sold to institutional investors (as defined in Appendix I of the Institutional Investors Market Regulation) in Peru by means of a private placement. The securities offered and sold in Peru may not be sold or transferred to any person other than an institutional investor unless such securities have been registered with the Registro Público del Mercado de Valores kept by the SMV. The SMV has not reviewed the information provided to the investor. Access to this site exclusive to institutional investors in Peru and is not intended for general public.

The financial products described herein may be offered or sold in Bermuda only in compliance with the provisions of the Investment Business Act 2003 of Bermuda. Additionally, non-Bermudian persons may not carry on or engage in any trade or business in Bermuda unless such persons are authorized to do so under applicable Bermuda legislation. Engaging in the activity of offering or marketing the financial products described herein in Bermuda to persons in Bermuda may be deemed to be carrying on business in Bermuda.

Vanguard Mexico does not intend, and is not licensed or registered, to conduct business in, from or within the Cayman Islands, and the interests in the financial products described herein shall not be offered to members of the public in the Cayman Islands.

The financial products described herein have not been and will not be registered with the Securities Commission of The Bahamas. The financial products described herein are offered to persons who are non-resident or otherwise deemed non-resident for Bahamian Exchange Control purposes. The financial products described herein are not intended for persons (natural persons or legal entities) for which an offer or purchase would contravene the laws of their state (on account of nationality or domicile/registered office of the person concerned or for other reasons). Further, the offer constitutes an exempt distribution for the purposes of the Securities Industry Act, 2011 and the Securities Industry Regulations, 2012 of the Commonwealth of The Bahamas.

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This site is not intended for individuals that are members of the public in the BVI or otherwise to individuals in the BVI. The funds are only available to, and any invitation or offer to subscribe, purchase, or otherwise acquire such funds will be made only to, persons outside the BVI, with the exception of persons resident in the BVI solely by virtue of being a company incorporated in the BVI or persons who are not considered to be “members of the public” under the Securities and Investment Business Act, 2010 (“SIBA”).

Any person who has access to this site in the BVI (other than a person who is not considered a member of the public in the BVI for purposes of SIBA, or a person resident in the BVI solely by virtue of being a company incorporated in the BVI and this document is received at its registered office in the BVI) should not act or rely on this document or any of its contents.

The sale of any financial product included herein must qualify as a private placement pursuant to section 2 of Uruguayan law 18.627. Vanguard Mexico represents and agrees that it has not offered or sold, and will not offer or sell, any of the financial products described herein to the public in Uruguay, except in circumstances which do not constitute a public offering or distribution under Uruguayan laws and regulations. Neither the financial products described herein nor issuer are or will be registered with the Superintendency of Financial Services of the Central Bank of Uruguay to be publicly offered in Uruguay.”

The financial products describe herein correspond to investment funds that are not investment funds regulated by Uruguayan law 16,774 dated 27 September 1996, as amended.

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