FINANCIAL MANAGEMENT

This department studies the correct interpretation of essential financial information through:

  • The analysis of the investment structure that comprises operating assets
  • Determination of and solution routes for financial needs
  • Optimization of flow and profitability
  • Routes for increasing company value
  • The evaluation of investment projects and development of strategies that satisfy financial objectives

DEPARTMENT DIRECTOR

FERNÁNDEZ LORENZO

Lorenzo Fernández Alonso

Professor at Financial Management Department

Director, Monterrey Venue

Member of the Board of Directors

Member of the Executive Committee

  • MBA, Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • BS in Industrial Engineering, Universidad Panamericana (UP).
  • Appraisal Partner Consultant: mergers and acquisitions.
  • Appraisal: Hipódromo de las Américas; Seguridad y Protección Contra Incendios, S.A.; Decar del Valle, and others.
  • Financial Analysis and Implementation of Value Generation: Grupo Auriga; Grupo Alsea; ICA.
  • Member of the Board of Directors in several companies.

Finance Professor at:

  • – INALDE, Escuela de Dirección y Negocios, Colombia.
  • – IAE Business School, Argentina.
  • – ISE Instituto Superior da Empresa, Brazil.
  • – Tayasal Escuela de Negocios, Guatemala.
  • – PAD Escuela de Dirección, Peru.
  • Corporate finance
  • Personal finance
  • Business appraisal
  • Stock market
  • Investment projects
  • Financial models
  • The United States Mergers and Acquisitions, New York Institute of Finance.

DEPARTMENT PROFESSORS

CARBONELL OSCAR

Oscar Carbonell López

Head and Professor at the Financial Management Department

  • PhD in Business Economics, specialized in Finance, IESE Business School, Spain.
  • MBA, Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • BS in Industrial Engineering, Universidad Panamericana (UP).
  • Treasury Manager, Citibank.
  • Credit Card Division Consultant, Bancomer.
  • Business Valuation, Risk Management, and Value Generation for Shareholders.
  • Advisor to several firms.
  • Associate Professor of Finance at IESE Business School, Spain.
  • Member of the Advisory Board, Tayasal Escuela de Negocios, Guatemala.
  • Guest Professor:
    • Instituto de Estudios Empresariales de Montevideo (IEEM), Uruguay.
    • INALDE, Escuela de Dirección y Negocios, Colombia.
    • Tayasal Escuela de Negocios, Guatemala.
    • IDE, Escuela de Dirección de Empresas, Ecuador.
  • Financial derivatives
  • Foreign exchange markets
  • Business valuation
  • International Finance
  • Financial markets efficiency
D-¦kuba Federico

Federico José D’Kuba Chávez de Ita

Professor at the Financial Management Department

  • Executive MBA, Instituto Panamericano de Alta Dirección de Empresa (IPADE), 1997-1999.
  • MBA, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), 1986-1987.
  • Certified Public Accountant, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), 1982-1985.
  • General Manager, Colchones Romi, S.A. de C.V., 2008-up to date.
  • Managing Director and Chairman of the Board of Directors, Colchones Príncipe, S.A. de C.V., 2001-2008.
  • Managing Director, Colchones D y D, S.A. de C.V., 1988-2001.
  • Assistant to Chairman of the Board of Directors, Transcapital, S.A. de C.V., 1987-1988.
  • General Comptroller, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), 1986-1987.
  • Staff Professor, Accounting and Finance Departments, ITESM, Campus Monterrey, Mexico and Cuernavaca, 1985-2012.

Awards:

  • Canacintra, Award for best student, Class 1985.
  • General Manager, Bassett, 1988.
  • Best Staff Professor, ITESM, 1987, 1992 and 1998.
JAVIER HURTADO

Francisco Javier Hurtado García

Professor at the Financial Management Department

  • PhD in Finance, University of Essex, UK.
  • Doctoral Thesis: “Essays in Finance: Asset Comovement and Portfolio Construction”.
  • MBA, Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • BA in Economics, Universidad Panamericana (UP).

Financial Consulting in:

  • – Business appraisal, risk management and value generation.
  • – Financial diagnosis and analysis.
  • – Analysis of economic/financial value generation in the organization.
  • – Risk management.
  • – Director and Associate Director of the IPADE MBA Program Promotion, 2005-2009.
  • Graduate Teacher Assistant (GTA), University of Essex, UK, 2012-2013.
  • Course: Financial Modelling, Essex Business School.
  • Corporate Finance
  • Business Valuation and Investment Projects
  • Financial Markets (Commodities, Derivatives, Foreign Exchanges, Futures, Stocks)
  • Financial Modelling
  • Risk Management
  • Personal Finance
  • “University of Essex Induction Programme for Graduate Teaching Assistants”, University of Essex, UK.
  • “Equality and Diversity Essentials”, University of Essex, UK.
  • “University of Essex Induction Programme for Graduate Demonstrators and Graduate Laboratory Assistants”, University of Essex, UK
  • MBA Exchange Program, IAE Business School, Argentina.
  • Postgraduate Diploma of Specialization in Risk Management, Universidad Panamericana (UP).

 

KRETCHMAR ALEXIS

Alexis Kretchmar Hernández

Professor at the Financial Management Department

  • MBA, Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • MD in Economics and Finance, Boston University.
  • BA in Economics, Instituto Tecnológico Autónomo de México (ITAM).
  • Partner, SFA Consultores, S.C. Mexico City, 2001-2007.
  • Corporate Credit Coordinator, Scotiabank Inverlat, S.A. Mexico City, 1998-2001.
  • Sr. Manager, International Financial Groups. Grupo Financiero Inverlat. Mexico City, 1994-1998.
  • Sr. Manager, Foreign Investment and toll manufacturers, Grupo Financiero Serfín. 1992-1994.
  • Corporate Banking Account Executive, Grupo Financiero Serfín. Mexico City, 1988-1992.
  • Credit Analyst (credit assessment of a number of public and private organizations), The
  • Chase Manhattan Bank, N.A. Mexico City, 1986- 1988.
  • Professor, Financial Management, Instituto de Capacitación de Mandos Intermedios (ICAMI).
  • Professor, Financial Engineering, Universidad Panamericana.
  • Professor, Corporate Finance, Universidad Panamericana.
  • Professor International Finance, Banco Central de Guatemala.

Lectures:

  • “Financial Mechanisms to Face New Challenges.” Event organized by Ingram Dicom. México City, 2006.
  • “Covered Interest Rates.” Banco Central de Guatemala. Guatemala, Guat. 1996.
  • “Mexican Financial System.” Universidad Panamericana. Mexico City, 1995.
  • “Consequences of the Mexican Peso Devaluation.” D.R.A. Associates. El Paso, Tex. 1995.
  • Banks
  • PYMES (SMB)
  • Credit risk
  • Business Appraisal
  • Debt Restructuring
  • Graduate course in Finances, Instituto Tecnológico Autónomo de México (ITAM).
POSSE CAMILO

Camilo Posse

Professor at the Financial Management Department

  • Executive MBA, INALDE, Escuela de Dirección y Negocios, Colombia.
  • Veterinary, Universidad Nacional Autónoma de México (UNAM).
  • President, Astral Products Inc., Jacksonville, Florida (Company of Fluidra, S.A.), 2006-2009.
  • General Manager, Inquide Flix, Barcelona (Company of Fluidra, S.A.), 2004-2005.
  • Member of the Budget and the Control Committees, Fluidra, S.A., Spain, 2000-2005.
  • General Manager, Avícola Algeciras Ltda., Bogotá, Colombia, 1988-1993.
  • Member of the Board of Directors, Concentrados Cresta Roja, S.A., 1990-1993.
  • Consultant (financial analysis, company valuation, cost system, balanced scorecard, economic added value, control risk self assessment), 1994-2005.
  • Professor of Managment Control and Finance, Escuela de Alta Dirección y Administración (EADA), Spain, 1995-2004.
  • Professor, Director of the Finance and Management Control Department, Associate Director of the Executive MBA, INALDE, Escuela de Dirección y Negocios, Colombia.
  • Veterinary, Production Manager and General Manager, Avícola Algeciras Ltda.
  • Assistant Professor and Researcher, Genetics and Statistics Department, FMVZ, UNAM.
  • Programmer and Statistician Analyst for the Program “Diagnóstico Integral de la Ganadería Bovina en el Trópico Mexicano”, Instituto Nacional de Investigaciones Pecuarias, Universidad Autónoma Chapingo.

DEAN PROFESSORS

IBARRA RAMÓN

Ramón Ibarra Ramos

Professor at the Philosophy and Business Department

Professor at the Financial Management Department

Member of the Board of Governors of Universidad Panamericana and IPADE

  • PhD in Philosophy of Action and Organizational Management, Universidad de Navarra (Cum Laude).
  • Executive Officers Management Program (AD-2), Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • BA in Business Administration, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico City campus.
  • CPA, Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), Mexico City campus.
  • General Director, Center for the Study of Institutional Governability (CEGI), 2006.
  • President, Editorial MiNos, S.A., 1975-2002.
  • Department Manager, Systems and Procedures Department, Troqueles y Esmaltes, S.A., a Monterrey, 1969-1974.
  • Administrative Consultancy Department Manager, Gossler, Navarro, Ceniceros y Cía., Monterrey office, 1967 -1969.
  • Professor of Administration, Universidad Panamericana (UP), 1981-2002.
  • Founding Professor, Instituto de Mandos Intermedios en Monterrey, 1970.

Publications:

  • Código de ética: cómo implementarlo en la empresa. México, Trillas, 2002.
  • Acoso sexual en la empresa: cómo prevenirlo. México, IPADE, 2001.
  • Empresa-Familia. Una relación constructiva. México, Trillas, 2000.
  • Ethics
  • Finances
  • Ethics Culture in the Organization
  • Colloquium on Participant-Centered Learning, Harvard Business School.
  • “Achieving Breakthrough Service” Program, organized by Harvard Business School, IPADE and the Western Business School.
CARLOS ROSSELL

Carlos Rossell Álvarez

Professor at the Financial Management Department

Emeritus Professor

  • PhD in Philosophy, Pontificia Università Lateranense (Magna Cum Laude).
  • Executive Business Management Program, IESE Business School, Spain.
  • Executive Officers Management Program (AD-2), Instituto Panamericano de Alta Dirección de Empresa (IPADE Business School).
  • BA in Economics, Universidad Nacional Autónoma de México, UNAM (Graduated with Honors).
  • Council Member, Club Unión, A.C.,Instituto de Capacitación y Adiestramiento de Mandos Intermedios(ICAMI).
  • General Manager: Inmobiliaria Tehuantepec, S.A.; Inmobiliaria Goya, S.A.; Inversiones Alameda, S.A.; Ona, S.A.; Inmobiliaria Porvenir, S.A., 1968-1975.
  • Chief Executive Officer, Unión Social de Empresarios Mexicanos, 1964.
  • Sr. Manager, Economic Studies Department, Bancomer, S.A., 1963-1966.
  • General Director, Orientación Universitaria Internacional, A.C., 1960-1961.
  • Manager, Editora de Revistas, S.A., 1959-1961.
  • Economics Analyst Nacional Financiera, 1957-1959.
  • Professor, various subjects in Philosophy, Universidad Panamericana.
  • Guest Professor: PAD, Escuela de Dirección, Peru; Tayasal Escuela de Negocios, Guatemala; IAE Business School, Argentina; INALDE, Escuela de Dirección y Negocios, Colombia; IDE, Escuela de Dirección de Empresas, Ecuador; Instituto Superior da Empresa, ISE, Brazil.
  • Ex-Dean of the School of Philosophy, Universidad Panamericana.
  • Member of the Advisory Committee of a number of business schools (formerly).
  • Financial Management Program, Stanford University.
  • Corporate Financial Management Program, Harvard Graduate School of Business Administration.
  • Several Programs, New York Institute of Finance.
VALLE ÁNGEL

Ángel Valle Yrusteta

Dean Professor

  • Management Program (D-1), IPADE Business School.
  • MBA, IPADE Business School.
  • BA in Industrial Relationships (Magna cum laude), Universidad Iberoamericana.
  • Corporate Finance Director, Grupo Belther.
  • Financial Vice President, Grupo Selmec.
  • Member of the Board of Directors in organizations like: Agricultura Nacional; Bolsa de Maquinaria; Centro de Estudios en Ciencias de la Comunicación (CECC); Cleaver Brooks de México; Construcciones Belther; Embotelladora Coca-Cola del Soconusco; Empaques Ecológicos; Enlaces Logísticos Pitaxa, Equipos Mexicanos; Fausto García Asociados; Fibracel; Grupo Corvi; Grupo Dragón; Grupo Master; Grupo Shasa; Interlabel; Maquinaria Hidráulica Mexicana; Masari Casa de Bolsa; Novopan de México; Part Shops Electronics; Selmec; Super Diesel; SyC Selmec; Triplay de Oaxaca.
  • Consultant in organizations like: Bachoco; Bancomer; Caleras Bertrán, Cía.; Azucarera de los Mochis (Grupo Garciarce); Concretos Cotita (venta del Grupo a Apasco); Cotrisa (venta de la empresa a ICA); Decar del Valle (venta de la empresa a Apasco); Embotelladora Coca-Cola del Soconusco (venta de la empresa a FEMSA); Espectáculos y Deportes Mexicanos (Hipódromo de las Américas); Fábrica de Loza El Anfora; Fácil, S.A. (venta de la empresa a Corporación GEO); Grupo Calimax; Laresgoiti-División Industrial; Mega Land (Grupo Situr); Santa Fe Beer Factory.
  • Former Council Member of the National Construction Industry Chamber (CNIC), of Coparmex and of the Unión Social de Empresarios Mexicanos (USEM).
  • Investment banking: mergers and acquisitions (of companies). Financing diagnosis and recosntruction and source of financing private, public, debt or mixed.
  • Corporate government: Structuring and operation of Boards of Directors as Independent Councelors or President Institutionalizing Processes in Family Businesses
  • Corporate mergers and acquisitions
  • Sources of financing
  • Debt restructuring
  • Investment portfolio
  • Structuring and operation of Boards of Directors
  • Institutionalizing Processes in Family Businesses
  • The United States Money and Capital Markets, New York Institute of Finance.
  • Finance Seminar, Michigan University.
  • Frontiers in Corporate Valuation, New York University, Stern School of Business.