S&P Cap IQ Expands LatAm Offering With Mexico Office

Data and analytics vendor S&P Capital IQ has expanded its presence in Latin America by opening an office in Mexico City, which it will use to bring global data to Latin American customers and to make local data available to its customers around the world.

Juan Carlos Perez Macias has been chosen to head the new office. He joined S&P Capital IQ as a director in March after working in academia and for Banobras and Banamex Citigroup banks.

The Mexican office is S&P Capital IQ's second in Latin America, where it also has a presence in São Paulo, Brazil. Lou Eccleston, S&P Capital IQ's New York-based president, says Latin America is "a very important opportunity" for the company. He believes the Mexico office will benefit customers in Latin America and around the world.

"Our model is to bring global data in locally and bring local data out globally - that is the nature of a global marketplace," says Eccleston. "Our local clients obviously need data on Mexican securities and companies, but any investor looking at investing in Mexico does as well."

Eccleston says the company will add important local data sets to its products and services. "We need to look for key sets of market data, security master data sets for securities and then private and public company data," says Eccleston. "Those are the key data sets that we need to nourish our analytics."

S&P Capital IQ does not plan to open more offices over the coming year and will instead concentrate on increasing its presence in locations where it already has offices. However, once the company has established itself in Mexico, Eccleston says the company may consider expanding into Chile, Columbia and Peru.