Having spent over 24 years at one of the most important real estate companies in Mexico, Grupo FRISA, Armando Ascencio Pérez has an almost unrivalled understanding of the company’s operations as evinced in his dual role of corporate CEO and general counsel. He was appointed in the position in 2014, after serving in the capacity of chief legal counsel and over two decades of closing deals in the company.

On the achievements he has overseen in 2017, Ascencio recalls, ‘we placed Mex$1bn debt on the stock exchange market, in a transaction that involved 19 locations and almost 400 lease agreements, to refinance a previous debt and fund the outstanding payments for the construction of Mundo E’s expansion. We [also] refinanced a loan with a syndicated group of financial institutions for the amount of Mex$4.5bn’. He adds the following regarding an exciting development the whole company is currently working on: ‘Starting December 2016 and through to mid-2018, we are working on a complete change of our business processes supported by a technological platform, implementing an all-cloud based solution with Oracle, that will allow us to increase the efficiency of our operations and will be a game changer within the industry, becoming the largest real estate cloud-based project for Oracle within Latin America’.