David Estevez
About David Estevez
David Estevez is Secretary of The Mexico Equity and Income Fund, Inc. (MXE), appointed in 2025; his birth year is 1989 . His principal occupation over the past five years is Analyst and Portfolio Manager at Pichardo Asset Management, S.A. de C.V., the Fund’s Adviser . As of October 20, 2025, MXE’s directors and officers as a group beneficially owned less than 1% of the Fund, and Estevez reported “None” for his dollar range of equity securities in the Fund—indicating no personal holdings at that time . Performance metrics (e.g., TSR, NAV returns) for Estevez’s tenure are not disclosed in the proxy materials and should be sourced from MXE’s annual/semiannual reports if needed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Pichardo Asset Management, S.A. de C.V. | Analyst; Portfolio Manager | Past five years (per proxy) | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Pichardo Asset Management, S.A. de C.V. | Analyst; Portfolio Manager | Past five years (per proxy) | Not disclosed in proxy |
Fixed Compensation
- Officer compensation (salary/bonus) is not disclosed in MXE’s proxy; the document presents compensation for independent directors only .
- Director compensation schedule: annual $30,000 plus committee/Chair stipends (Chairman $3,750; Audit and Valuation Chairs $2,250; Nominating Chair $1,500) and $500 per special telephonic meeting; FY25 paid amounts shown for directors, with no officer compensation table provided .
Performance Compensation
- No disclosure of performance-based incentives (RSUs, PSUs), option awards, targets, or payout metrics for officers in the proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial Ownership (Dollar Range) | “None” for David Estevez as of Oct 20, 2025 |
| Group Ownership (Directors & Officers) | Less than 1% of outstanding shares as of Oct 20, 2025 |
| Shares Pledged | Not disclosed |
| Stock Ownership Guidelines | Not disclosed |
| Compliance with Guidelines | Not disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Position | Secretary |
| Appointment/Tenure | Since 2025 |
| Principal Occupation | Analyst; Portfolio Manager at Pichardo Asset Management, S.A. de C.V. |
| Employment Contract; Severance; Change-of-Control | Not disclosed in proxy |
| Clawback; Tax Gross-ups; Deferred Comp; Pension/SERP | Not disclosed in proxy |
| Non-compete; Non-solicit; Garden Leave | Not disclosed |
| Section 16 Compliance | Fund believes all persons subject to Section 16 complied timely in FY25 |
| Officer Addresses | Mexico City office: Andres Bello No. 45 – 22 Floor, Col. Chapultepec Polanco, Miguel Hidalgo, CDMX, C.P. 11560 |
Investment Implications
- Alignment: Estevez reported no personal shareholdings in MXE as of Oct 20, 2025 (“None” dollar range), and directors/officers as a group held <1%, suggesting limited direct equity alignment at the fund level .
- Incentive Signals: No officer compensation or equity award disclosures (RSUs/PSUs/options) appear in the proxy, preventing assessment of pay-for-performance mechanics, vesting schedules, or potential insider selling pressure .
- Retention Risk: Employment terms (contract length, severance, change‑of‑control, non‑compete) are not disclosed, limiting visibility into retention protections or exit economics; Estevez’s concurrent role at the Adviser indicates his primary compensation and employment terms likely reside there but are not reported in MXE’s proxy .
- Governance/Compliance: Section 16 compliance is asserted for FY25, reducing immediate regulatory risk indicators related to insider reporting; no pledging or hedging disclosures for officers are provided .
To deepen analysis on compensation alignment, vesting, and trading signals, review MXE’s annual/semiannual reports for performance metrics and use Forms 3/4/5 (if any) for Estevez to track insider activity; MXE proxies do not include officer pay tables or equity award details .