Integracion AFAP

Integracion AFAP

Integracion AFAP was founded in 1996 to administer individual retirement accounts under Uruguay’s pension system. Banco Itaú Uruguay S.A. holds majority ownership. The firm invests worker contributions with a mandate focused on security and local-market returns. Deployment centers on Uruguayan government debt and alternative assets. Positions include inflation-linked treasury notes, Fideicomiso Financiero Inmobiliario Península for residential and commercial development in Montevideo and Punta del Este, and multiple energy and infrastructure trusts. Additional holdings cover agriculture through Fideicomiso Financiero Forestal Bosques del Uruguay and Fideicomiso Financiero de Tierras Irrigadas. All activity remains inside Uruguay. The firm employs 53 professionals at its Montevideo headquarters. It participates in ANAFAP and FIAP industry groups. KPMG has served as external auditor since 2015. Banco Itaú Uruguay provides ongoing investment advisory services. No operational events from the last 24 months appear in available records. Governance ties to Banco Itaú Uruguay shape investment access and oversight. The structure channels capital exclusively through regulated Uruguayan vehicles rather than external fund commitments.