Afore XXI Banorte is one of Mexico's largest and most prominent pension fund administrators (AFORE). It manages the retirement savings accounts for millions of Mexican workers, including those affiliated with the Mexican Social Security Institute (IMSS), the Institute for Social Security and Services for State Workers (ISSSTE), and independent workers. The company focuses on maximizing pension returns through diversified investment strategies and providing comprehensive financial advisory services. Afore XXI Banorte is committed to helping individuals plan for a secure and stable retirement by safeguarding and growing their savings. It became a wholly-owned subsidiary of Grupo Financiero Banorte after the group acquired the remaining stake previously held by IMSS.
The headquarters serves as the central command for Afore XXI Banorte, overseeing investment strategies, risk management, national operations, regulatory compliance, and corporate governance.
Located in a prime area of Mexico City, the headquarters is situated in a modern office building, reflecting the solidity and professionalism of a leading financial institution. It often leverages the state-of-the-art facilities associated with Grupo Financiero Banorte.
The work culture at Afore XXI Banorte's headquarters is characterized by professionalism, a strong focus on financial stewardship, ethical conduct, and customer-centricity. There is an emphasis on analytical rigor, compliance, and long-term value creation for its affiliates.
As the nerve center for one of Mexico's largest pension funds, the headquarters plays a pivotal role in the financial well-being of millions of Mexicans, contributing to the stability of the national retirement system.
Afore XXI Banorte's operations and customer-facing services are primarily concentrated within Mexico, as its core mission is to manage the retirement funds of Mexican workers. While its investment portfolio is diversified and may include international assets to optimize returns and manage risk, the company does not have direct international offices for retail or Afore-specific services.
Avenida Paseo de la Reforma No. 300, Piso 12, Col. Juárez
Mexico City
CDMX (Ciudad de México)
Mexico
Address: Av. Américas 1500, Country Club, 44610 Guadalajara, Jal., Mexico (Example Branch)
To serve the significant working population in Guadalajara and the surrounding Jalisco region, ensuring accessible and personalized pension fund services.
Address: Edificio LOS SOLES, Av. Lazaro Cardenas No. 2400 Poniente P.B. Local 20-A y 20-B, Col. Residencial San Agustín, San Pedro Garza Garcia, N.L. C.P. 66260 (Example Branch)
To cater to the dynamic and economically active population of Monterrey and Nuevo León, providing localized expertise and support for their retirement savings.
Address: Paseo de los Héroes 9550, Zona Urbana Rio Tijuana, 22010 Tijuana, B.C., Mexico (Example Banorte Branch, Afore services often co-located)
To provide accessible pension services to the workforce in Tijuana and the Baja California border area, facilitating their engagement with the national retirement savings system.
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As of April 2025, Afore XXI Banorte' leadership includes:
Afore XXI Banorte has been backed by several prominent investors over the years, including:
Over the past year, Afore XXI Banorte experienced a significant leadership change with the appointment of David Razú Aznar as the new Director General, succeeding Juan Manuel Valle Pereña who concluded his tenure.
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Afore XXI Banorte, being part of Grupo Financiero Banorte, typically uses standardized email formats for its employees. The most common formats usually involve a combination of the employee's first name and last name.
[first].[last]@xxi-banorte.com or [first_initial][last_name]@xxi-banorte.com
Format
juan.perez@xxi-banorte.com
Example
80%
Success rate
El Economista • January 18, 2024
According to data from CONSAR, Afore XXI Banorte attracted the highest net amount in account transfers during 2023, with a net balance of 21,013 million pesos from workers choosing to switch their pension fund administrator to XXI Banorte....more
Forbes México • October 26, 2023
Afore XXI Banorte announced the appointment of David Razú Aznar as its new Director General, effective January 1, 2024. He succeeds Juan Manuel Valle Pereña. Razú Aznar has previously held significant roles in public administration and economic consulting....more
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