News releases

Afore Banamex & Schroders make history with the launch of the 1st international mandate in Mexico

Mexico City and London – Afore Banamex, a pension fund and wholly-owned subsidiary of Citigroup in Mexico, has successfully launched Mexico’s first international investment mandate – initially a $200m global segregated account - with Schroders, a global asset management company headquartered in London with $357.51 billion in assets under management.

20/08/2013

Mexico City and London – Afore Banamex, a pension fund and wholly-owned subsidiary of Citigroup in Mexico, has successfully launched Mexico’s first international investment mandate – initially a $200m global segregated account - with Schroders, a global asset management company headquartered in London with $357.51 billion in assets under management.

Afore Banamex awarded Schroders this mandate with the aim of diversifying their investment strategy and taking a specialized approach to investing in international markets. This is the first mandate to be awarded to an international asset manager in the history of the mandatory pension fund system in Mexico.

Luis Sayeg, Chief Executive Officer at Afore Banamex, said:

“We are delighted to partner with Schroders on this breakthrough for the industry. The funding of this first mandate will help us to diversify our portfolios internationally, which will be for the long-term benefit of investors in our funds. Our relationship with Schroders through this agreement gives us access to global experience and specialisation in a transparent format. The partnership adds to the talent and capabilities of our own investment and risk teams.”

John Troiano, Global Head of Institutional Business at Schroders, said:

“We are very excited to work with Afore Banamex on the development of this innovative strategy. Afore Banamex’s vision and industry leadership combined with the strong investment and implementation capabilities of our firm offers investors the ability to access international markets so gaining diversification, and the return potential from a very broad set of investment opportunities.”

1 Source: http://www.schroders.com/global/home US Dollars as at 30th June 2013.

For further information, please contact:

Beth Saint

Tel: +44 (0)20 7658 6168/ elizabeth.saint@schroders.com

Notes to Editors

For trade press only. To view the latest press releases from Schroders visit: http://ir.schroders.com/media

Schroders plc

Schroders is a global asset management company with £235.7 billion (EUR275.0 billion/$357.5 billion) under management as at 30 June 2013. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors.

With one of the largest networks of offices of any dedicated asset management company, we operate from 34 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationships and growing our business.

Further information about Schroders can be found at www.schroders.com.

Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.

Afore Banamex

Afore Banamex is one of the leading institutions in the Retirement Savings System, which manages more than $ 25.75 billion 2 and a leader in Financial Innovation Services2 .

With over 16 years of experience, Afore Banamex has the confidence of his nearly 8 million customers. It offers the widest coverage service in the country, through more than 130 Service Modules, 10 Service Centers for Retirement, over 1,400 branches of Banamex and 3,000 Executives, giving professional and comprehensive advice and providing access to important investment alternative perspective on short-and long-term in Voluntary Savings.

Currently is confirmed as the number one service manager, according to the Comparative of Afores in Services (CAS), recently published by the National Commission of the System Retirement Savings (CONSAR)and which, recognizes that Afore as number 1 in coverage and quality of services2.

2 Source: www.consar.gob.mx

Grupo Financiero Banamex

Grupo Financiero Banamex is one of the largest financial services groups in Mexico, where it holds top positions in virtually all segments of financial intermediation and serves more than 21 million customers. Its flagship subsidiary, Banco Nacional de Mexico (Banamex), operates through more than 1,400 branches, 6,000 ATMs, the largest web-based banking network and 14,700 Correspondents. Accival is the leading brokerage house in Mexico, Seguros Banamex is a top player in bank insurance and Afore Banamex is one of the leading pension funds in the country.

As a result of Citigroup’s acquisition of Banamex in 2001 (one of the largest-ever U.S.-Mexico corporate mergers) Banamex combines its wide presence and strength in the local market with the reach and capabilities of the leading global bank.