Diego Cánepa Fernández

Associate, Mexico City



Diego joined the firm in 2014. His practice has focused on financial regulation, capital markets, asset management and finance.

Diego has advised key players and newcomers to the Mexican market, such as BlackRock (the world's largest asset manager) and Kuspit (the first Internet based broker dealer operating in Mexico) with the structuring and design of innovative financial products and the negotiation of asset management agreements.

He has also participated in registered and non-registered debt offerings, and in obtaining regulatory authorizations for the establishment and operation of financial institutions in Mexico.

Diego's international experience is underlined by his time spent working in White & Case's New York office from 2019 to 2020. During this time, he gained valuable experience advising and representing clients in connection with Mexican and Latin American securities laws and debt offerings (Regulation S and Rule 144A). In June 2020, Diego resumed his position in our Mexico City office.

In 2016, Diego acted as a legal secondee for BlackRock México, leading the process of obtaining the registration as an independent investment advisor.

Prior to joining White & Case, Diego worked in a prestigious international bank, specializing in corporate matters, banking, securities and equity transactions.

Bars and Courts
Authorized to practice law in Mexico
Corporate Law
University of Cambridge
Postgraduate Degree
Commercial Law
Universidad Panamericana
Attorney at Law (Licenciatura en Derecho)
Universidad Panamericana


AlphaCredit US$400 Million Senior Notes Offering, 2020
Representation of AlphaCredit, on its Rule 144A/Reg S offering of 9.000% senior notes due 2025 in an aggregate principal amount of US$400 million. Headquartered in Mexico City, AlphaCredit is a technology-enabled financial platform specializing in consumer lending and financial solutions for small and medium enterprises.

Aeroméxico US$400 Million Senior Notes Offering, 2020
Representation of Aeroméxico, the Mexican flagship airline, on its Rule 144A/Res S offering of 7.000% senior notes due 2025 in aggregate principal amount of US$400 million. This was the first time in decades that a Mexican airline had access to the international unsecured bond market.

BlackRock Acquisition of Citibanamex Asset Management Business, 2018
Representation of BlackRock Inc. in its acquisition of the asset management business of Citibanamex, a subsidiary of Citigroup Inc. and the execution of a distribution agreement under which Citibanamex will distribute certain investment products offered by BlackRock. The transaction involved approximately US$31 billion in assets under management.

Bank of China Authorization to Incorporate a Banking Institution in Mexico, 2016
Representation of Bank of China, the fourth-largest bank in the world and the oldest bank in China, in the process of obtaining a license to incorporate and operate a multiple banking institution in Mexico. This was the second license granted by the Mexican Government to a foreign government (the government of the People's Republic of China) to own a controlling, indirect participation in a Mexican banking institution.

Export Development Canada MXN 6 Billion Debt Certificate Program, 2015
Representation of Export Development Canada, Canada's export credit agency, in the authorization of the second program of short-term debt certificates by the Mexican National Banking and Securities Commission, for an amount up to MXN 6 billion (approximately US$400 million) and in the first issuance under the program.

Azimut Acquisition of a majority share of Profie, 2014
Representation of Azimut, Italy's leading independent asset manager, in a stock purchase agreement to acquire 82.14 percent of Profie, a Mexican holding company controlling the entire equity capital of Más Fondos, Mexico's largest pure independent asset management distribution company. Más Fondos distributes third-party funds and (as of May 31st, 2014), managed assets equivalent to Ps$7.1 billion (€404 million).