Independent Finance Advisory group Abante Asesores has promoted lawyer Javier Muguiro Arrospide to deputy director.
Javier joined the firm in 2017, making associate in 2020. He holds previous experience at PwC Spain from 2015 to 2017 as a finance lawyer. Previously, he also gained experience in the Corporate Finance department of DLA Piper and at Freshfields.
Javier is a Law graduate from Universidad Autónoma de Madrid.
Abante is an independent financial institution specialising in financial advice and asset management, both for individuals and companies, aligned with the long-term interests of its clients. The Abante Asesores group, set up in 2002, is made up of eight companies: a securities brokerage firm, two financial advisory firms (Abante was the first EAF registered in Spain), two collective investment institution management companies, a pension fund management company, an insurance broker and a company listed on the real estate market (socimi).
Abante’s benchmark portfolios closed a very good 2021, thanks to the position in quality companies of its funds, which have performed exceptionally well in a complicated year from a management point of view, in which there has been a lot of dispersion by geography, style and sector.
The firm closed a year that has been good in both absolute and relative terms for the two benchmark strategies: Abante Bolsa FI returned 26.50% and Abante Selección FI accumulated 12.84%. These two funds of funds, with a track record of almost 20 years (their first net asset value was in March 2002), have achieved an average annualised return over the last decade of 11% and 5.2%, respectively, exceeding the average revaluation target in their segment.