The International Federation of Pension Fund Administrators (FIAP), which brings together associations from nine countries across Latin America, Europe, and the Caribbean, has appointed Guillermo Zamarripa from the Mexican Association of Retirement Fund Administrators (AMAFORE) as its new President, effective December 12, 2024.

Zamarripa, who holds an MBA from the University of Chicago, will succeed Guillermo Arthur, who led the Federation for over two decades. FIAP expresses its gratitude to Arthur for his outstanding commitment to creating fairer and more sustainable pension systems.

This leadership transition was agreed upon during an assembly held on December 11, where the Federation not only granted the presidency to Zamarripa but also introduced a significant change to its statutes, allowing the presidency to rotate among member countries. Additionally, FIAP’s internal structure was reinforced, with Karol Fernández serving as Executive Vice President and a solid, experienced team tasked with maintaining the organization’s regular operations.

The new FIAP President has an extensive background in economics. He served as the General Director of the Foundation for Financial Studies (Fundef) in Mexico, headed the Banking, Securities, and Savings Unit of Mexico’s Ministry of Finance and Public Credit, and has been the Executive President of the Mexican Association of Retirement Fund Administrators (AMAFORE) since 2023.

Among the key priorities defined at the start of his tenure, Zamarripa emphasizes close international collaboration to promote the dissemination of best practices in pension management across member countries. He also aims to attract more countries interested in developing or strengthening their pension systems and to enhance research efforts that better address the challenges of this century and improve pension management strategies.

Focusing on modernizing pension systems, FIAP’s new President stated, “Reality has shown us that financial support during old age must be determined by multiple components, and the responsibility should neither fall entirely on the State nor solely on the worker.”

The International Federation of Pension Fund Administrators (FIAP), which brings together associations from nine countries across Latin America, Europe, and the Caribbean, has appointed Guillermo Zamarripa from the Mexican Association of Retirement Fund Administrators (AMAFORE) as its new President, effective December 12, 2024.

Zamarripa, who holds an MBA from the University of Chicago, will succeed Guillermo Arthur, who led the Federation for over two decades. FIAP expresses its gratitude to Arthur for his outstanding commitment to creating fairer and more sustainable pension systems.

This leadership transition was agreed upon during an assembly held on December 11, where the Federation not only granted the presidency to Zamarripa but also introduced a significant change to its statutes, allowing the presidency to rotate among member countries. Additionally, FIAP’s internal structure was reinforced, with Karol Fernández serving as Executive Vice President and a solid, experienced team tasked with maintaining the organization’s regular operations.

The new FIAP President has an extensive background in economics. He served as the General Director of the Foundation for Financial Studies (Fundef) in Mexico, headed the Banking, Securities, and Savings Unit of Mexico’s Ministry of Finance and Public Credit, and has been the Executive President of the Mexican Association of Retirement Fund Administrators (AMAFORE) since 2023.

Among the key priorities defined at the start of his tenure, Zamarripa emphasizes close international collaboration to promote the dissemination of best practices in pension management across member countries. He also aims to attract more countries interested in developing or strengthening their pension systems and to enhance research efforts that better address the challenges of this century and improve pension management strategies.

Focusing on modernizing pension systems, FIAP’s new President stated, “Reality has shown us that financial support during old age must be determined by multiple components, and the responsibility should neither fall entirely on the State nor solely on the worker.”