Alejandro Díaz de León-Carrillo
He was born on 1 December 1969 in Mexico City. He earned his B.A. in economics from
the Instituto Tecnológico Autónomo de México (ITAM) in 1993, graduating with honors and
receiving the Miguel Palacios Macedo Award for academic excellence. His thesis won prizes from
Banamex (1st place), the National Banking and Securities Commission (Comisión Nacional Bancaria),
the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas), and the
National College of Economists (Colegio Nacional de Economistas).
He earned a master’s degree in public and private management in 1995 from the Yale
School of Management, majoring in financial engineering and valuation of derivatives and fixedincome instruments.
He began his professional career at Banco de México, where he worked for 16 years
(1991–2007) and held different positions, including analyst in the Securities Market Studies
Subdivision and in the Financial System Analysis Subdivision, deputy manager of Financial System
Analysis, Macrofinancial Analysis manager, Macroeconomic Analysis director, and Economic Studies
director. His tasks included, among others: banking stability analysis, research and proposals;
econometric models, new financial products and auction mechanisms; preparing financial statistics,
research projects and inflation reports; and, integrating staff analysis for the central bank’s
governing board and coordinating the economic research agenda.
He was later appointed general director of the National Pension Fund of State Workers
(Fondo Nacional de Pensiones de los Trabajadores al Servicio del Estado, PENSIONISSSTE), where he
was in charge of creating and starting the Fund’s operation and of establishing and managing its
Investment Firms Specialized in Retirement Funds (Sociedades de Inversión Especializadas en
Fondos para el Retiro, SIEFORES). He served in this position from October 2007 to January 2011.
From January 2011 to November 2015 he was head of the Debt Management Office
(Unidad de Crédito Público, UCP) at Mexico’s Ministry of Finance, where he was in charge of
implementing the Federal Government’s internal and external financing in accordance with
Congress authorizations, and of conducting the oil hedging strategy and the financial evaluation of
projects promoted by the National Infrastructure Fund (Fondo Nacional de Infraestructura,
FONADIN). He consolidated Mexico’s presence as a sovereign debt issuer in international financial
markets, receiving various awards and recognitions, and he introduced debt contracts that
improved the international financial architecture.
In November 2015 he was appointed general director of Mexico’s Foreign Trade Bank
(Banco Nacional de Comercio Exterior, BANCOMEXT), where he worked until December 2016. He
was in charge of managing the institution’s operation and administration to promote foreign trade
and investment, productivity and competitiveness in the Mexican export sector. During his time in
office, lines of action where implemented to strengthen the bank’s capital, leading BANCOMEXT as
the first development bank to issue Basel III compliant subordinated notes. He also designed and
implemented activities that enabled the financing of value chains’ export activity, investment
projects and foreign currency-generating activities. These actions increased the bank’s credit
portfolio, strengthened its financial margin, and enlarged its client base, while contributing to the
development of renewable energies.
He has been professor of Options and Futures at the ITAM Master of Business
Administration and Finance, and is the author of several publications edited by Banco de México
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and other institutions. He has also participated as a member of various collegiate bodies in
development banks and financial authorities.
After being appointed by Mexico’s President and confirmed by the Senate, in January 1st
2017 he became part of Banco de México’s governing board as deputy governor.
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