Roberto Ríos Espinosa

Born in Mexico City in 1963. He studied at the Pan-American University (Universidad Panamericana) and got his Law Degree in 1989. Roberto Ríos Espinosa studied Postgraduate Diplomas in Corporate Economic Law and Tax Law at the Pan-American University (Universidad Panamericana), in 1987 and in 1990. He is an active member of the Mexican Bar Association, and at present holds the position of Vice Coordinator of the Commercial Law Commission. Roberto is also certified by the Mexican Securities Intermediaries Association (Asociación Mexicana de Intermediarios Bursátiles - AMIB) as promoter of Investment Companies Series 100. In addition, Mr. Ríos is certified by the National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores) on Prevention of Transactions involving Illicit Sources and Financing of Terrorism. The National Banking and Securities Commission of Mexico also accredited Roberto Ríos Espinosa as a Legal Auditor for Brokerage Houses.

The fields in which he is specialized are Corporate Law, Compliance, Financial Law, Foreign Investments and Banking Law. At the present time, he audits Brokerage Houses and Managing and Multiple Purpose Corporations of Mutual Funds, which are legally required to be audited annually. Due to the reforms to the Financial legislation, which incorporated laws related to the corporate governance in such intermediaries, Roberto Ríos has acted as Compliance Officer for Brokerage Houses and Credit Institutions, as well as a Consultant and Advisor for Multiple Purpose Corporations and Financial Savings and Popular Credit Institutions. Roberto Ríos Espinosa holds the position of advisor and secretary of the Management Board in private and public companies.

In the financial sector, Mr. Ríos is an independent advisor of various mutual funds managed by a Mutual Fund Broker, and a Brokerage House. Mr. Ríos has also been a professor at the Ibero-American University (Universidad Iberoamericana), where he taught Commercial Law and Banking Law. In addition, he has carried out teaching assignments in a post-graduate course at the Panamerican University of Aguascalientes, in the Administration Module of Commercial Corporations and Shareholders Meetings. Currently he teaches the Module of Legal Aspects of Trust in the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.).

Eduardo de la Sierra Mancilla

Was born in Mexico City in 1963 and studied at the Universidad Panamericana. He has worked in different law firms in Mexico City for more than 25 years. He was a founder and member of one of them for 8 years before founding Ríos y de la Sierra, S.C.

Eduardo de la Sierra Mancilla has specialized in Corporate Law, Banking Law, Project Financing, Mergers and Acquisitions and Foreign Investment Law.

As far as his activities in Banking Law are concerned, he has taken part in advising private Mexican banks. Among these we can mention his advising for the two private Mexican banks with substantial assets in order to create the legal structure for financing projects for building water treatment plants and telecommunication networks.

He has also taken part in the advisement of Mexican and foreign banks in the closing of credit transactions with all kinds of in-rem and personal collaterals, as well as for the restructuring of liabilities in syndicated loans.

Regarding the most traditional aspects of banking, Mr. de la Sierra advises national and foreign banks about all day-to-day legal issues that may arise.

Mr. de la Sierra’s assistance in the field of commercial banking practice also deals with sophisticated lending structures and other financial transactions.

Typical operations include:

• Asset Financing
• Equipment Financing
• Project Financing
• Special Purpose Financing
• International Real Estate Financing
• Collateralizations
• Traditional Security Interests
• Alternative Security Interests
• Debt Restructuring and Rescheduling
• Intercreditors’ Agreements

Tania Romero Miranda

Was born in México City in 1976. She obtained her Law Degree at the National Autonomous University of Mexico (Universidad Nacional Autónoma de México - UNAM), where she also specialized on Commercial Law.

She has a diploma in Financial Law by the Mexican Stock Exchange, and diplomas in Contracts and in Scissions, Mergers, and Acquisitions by the Autonomous Technologic Institute of Mexico (ITAM); she was also a promoter of securities certified by the Mexican Securities Intermediaries Association (Asociación Mexicana de Intermediarios Bursátiles - AMIB), and has taken courses related with copyrights, inventions, trusts, stock exchanges and Anti Money Laundering.

Ms. Romero is certified by the National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores) in Prevention of Transactions involving Illicit Sources and Financing of Terrorism, in order to be a Legal Auditor of Financial Entities. Additionally, she conducts legal audits to Credit Institutions, Stock Brokerage Houses, Regulated and Unregulated Multipurpose Financial Corporations, and to Microfinance Corporations that, under applicable regulations, are required to be audited annually. She also provides external counsel to Unregulated Multipurpose Financial Corporations, on Prevention of Transactions Involving Illicit Proceeds and Financing of Terrorism, and provides training in such matters.

She has worked in corporate firms and also in prestigious financial groups mainly in the trust areas of Technical Trust Advisory, and in Risks and Monitoring Trustee. She has strengths in the areas of Corporate, Financial and Securities Law.

Karla Yamile Serrano Morales

Born in Mexico City in 1982, Bachelor of Law from Acatlán Superior Studies Faculty (Facultad de Estudios Superiores Acatlán).

She has taken several courses such as Time Management, Law Interpretation (ISO 9000), Mapping Process (ISO 9000) and the Update Seminar of Domain Name dispute in Mexico.

Her work experience takes place on different fields such as Civil Law, Criminal Law, Family Law, Industrial Property and Copyright, in addition to having worked in research areas of scientific and technological development on Industrial Property.

Deyanira Fernanda Rodríguez Salinas

Born in Mexico City. She is a Law student at National Autonomous University of Mexico (UNAM), currently in his tenth semester. Her professional experience includes working as an independent consultant on family and civil matters. At the present time, works actively within the corporate law area for Ríos y de la Sierra.

Jorge Joan Maciá Quezada

OBorn in Mexico City. He obtained his Law Degree at the National Autonomous University of Mexico (UNAM). His work experience has been developed as meritorious in the projection area of a civil court in the Tribunal Superior de Justicia del Distrito Federal; as an Administrative Systems Analyst in the Procuraduría Fiscal del Distrito Federal and as an intern at Banco de Mexico.

Currently he is working in Ríos y de la Sierra in the Corporate and Industrial Property areas.

Sara María Vázquez García

Born in Mexico City, is a graduate of Administrative Sciences by the Escuela Bancaria y Comercial and currently is an undergraduate student of Law at the National Autonomous University of Mexico (UNAM). She is certified by the National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores) in Prevention of Transactions involving Illicit Sources and Financing of Terrorism, in order to be a Legal Auditor of Financial Entities.

She worked 4 years as surety executive at the surety control board of an insurance and surety broker, and during 15 years she worked at Fiduciaria Banamex, in the areas of internal control and contract onboarding and implementation of risk-based methodology and Prevention of Money Laundering. She currently works with Ríos y de la Sierra as a member of the auditing teams in connection with Risk Management and Prevention of Money Laundering. She also is the compliance officer of a Multipurpose Financial Corporation (Sociedad Financiera de Objeto Múltiple – Sofom).

Elsa María Olvera Orivas

Born in Morelos, México, obtained her Law Degree at National Autonomous University of Mexico (UNAM).

Her professional experience includes working as tax advisor at the Tax Administration System’s call line (“Marcasat”); at the office of the General Comptroller of Mexico City in the area of Cybernetic Audit and Technological Projects, verifying compliance with the regulation; at the National Institute of Fine Arts and Literature, as a lawyer for administrative , concessions and regulatory simplification matters, and in onboarding in the brokerage house sector. She currently works as a lawyer in Ríos and de la Sierra, S.C.