# BMN Empleados Fondo de Pensiones

BMN Empleados Fondo de Pensiones is a Pension Fund based in Madrid, Spain.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Madrid, Spain
- **Region:** Europe
- **Address:** Burgos Avenue 109, 28050 Madrid, Spain
- **Founded:** 1942
- **Assets under management:** Undisclosed
- **Website:** www.caser.es
- **LinkedIn:** https://es.linkedin.com/company/caser

## Regulatory record

- **Reports private funds:** No

## About

BMN Empleados Fondo de Pensiones was established in 1942 to serve employees of Banco Mare Nostrum. The fund's wealth origin traces directly to that banking group before its absorption. The fund maintained positions in Spanish infrastructure assets including Ciudad de la Justicia de Córdoba and Gestión de Estaciones de Autobuses Atotxa. It also held stakes in Gesnorte S.A. and Audisec Servicios de la Información through Caser Pensiones. Geographic exposure remained concentrated in Spain with limited external reach. Strategy tags in records list buyout, venture, and secondaries approaches without confirmed deployment scale. The fund maintained membership in Spainsif. Caser Pensiones acted as manager and Cecabank as custodian until 2022. David Vicente Magaña Limon was appointed liquidator that year during voluntary dissolution. The fund operated as a captive pension vehicle tied to a single banking sponsor rather than an independent allocator. Its governance rested with a Control Committee whose members held defined statutory roles until liquidation.

## Sectors

- Diversified
- Industrials

## People

- Manuel Francisco Ballester Diaz — President of the Control Committee
- Francisco Jose Perez Rodriguez — Secretary of the Control Committee
- David Vicente Magaña Limon — Liquidator

## Questions

### Who ran investment decisions at BMN Empleados Fondo de Pensiones?

The Control Committee oversaw the fund with Manuel Francisco Ballester Diaz as President and Francisco Jose Perez Rodriguez as Secretary. Caser Pensiones served as the external manager until dissolution.

### What happened to BMN Empleados Fondo de Pensiones in 2022?

The fund entered voluntary dissolution. David Vicente Magaña Limon was appointed liquidator to wind up operations.

### Which entities managed the fund's assets?

Caser Pensiones acted as investment advisor and Cecabank served as custodian until the 2022 dissolution.

### What is the relationship between BMN Empleados Fondo de Pensiones and Helvetia Group?

Helvetia Group is the parent of Caser Pensiones, the entity that managed the fund's assets.

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Last updated: 2026-06-03T20:00:00.000Z

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