Carlos Gustavo Rosado Muñoz (1941-2013) was a notable Mexican businessman, mathematician and scholar. He was born on October 19, 1941, in Mexico D.F. He was the son of , a hero of the Mexican Revolution and highly decorated army officer, and the aristocratic Adriana Muñoz Turnbull. He was the 4th child in a family of 8 children; five brothers and two sisters. He had a son, Carlos Octavio Rosado and a grandson, Carlos Francisco Rosado. CRM passed away on May 5, 2013, at his weekend home in Mineral Del Chico [1], Hidalgo. At the time of his death he was married to Patricia Ellen Van Nest and they lived in Mineral del Chico, Hidalgo, Mexico.
Professional
editCRM was the 16th person to receive a degree in actuarial sciences from the Universidad Nacional Autónoma de México (UNAM) and graduated Magna Cum Laude in 1965. The title of his thesis being: “Modelos matemático actuariales aplicados en la valuación de planes privados de pensiones" (Actuarial mathematical models, applied in the valuation of private pension plans). After graduation he became the founding professor of Pensions, as well as a professor of both, Actuarial Science and Mathematical Finance, at the UNAM. In 1975 he earned an MBA in risk management from the Universidad de Las Américas [2], at which he also later taught classes. In addition to the UNAM and Universidad de las Americas, he was the dean of actuarial sciences at the Universidad Anahuac. After retiring he continued to teach courses at the Universidad Autónoma del Estado de Hidalgo. CRM continued his studies, throughout his life, completing a doctorate in Philosophy with a major in Finance in 2004 and earned a doctorate in 2012 in Higher Education from the Universidad Abierta de Tlaxcala,
CRM enjoyed a prominent career as an actuary in Mexico DF, and was one of the original founders and designers of the Mexican Pension Plan system. In the mid 1980’s he helped establish Ramos Rosado y Asociados (RR y Asc), a commercial insurance broker and risk management firm (now AON), in Mexico City. At its peak, RR y Asc had a portfolio of some of the largest corporations in Mexico, including all of the major airlines that flew in and out of Mexico, as well as many other notable Fortune 500 companies such as Purina, BIC and GE. By 1990, RR y Asc employed over 300 people with offices in Mexico D.F., Monterrey, Guadalajara, Cancun and other major cities throughout Mexico. He was instrumental in attracting to Mexico, Towers Watson, one of the largest actuarial firms in the world. In 2001, he established RYACSA, “Rosado y Asociados Consultores, Soluciones Actuariales, S.A. de C.V". which, after his death, continues to prosper.
He published several books in pension plan design, being the main advocate for the book: “Teoría y Práctica de los Planes Privados de Pensiones" (Theory & Practice of Private Pension Plans), as well as other works in mathematical theory and actuarial formulas.
CRM was a founding member of the Colegio Actuarial de Mexico, as well as serving as its President and a member of its advisory board. He was also a member of the American Actuarial Association, and the American Academy of Actuaries (2001).
He was also active in the commercial sector, rising to the position of President of the AMAC (Asociación Mexicana de Actuarios Consultores), and of the CONAC (Colegio Nacional de Actuarios). He was also a member of the AMA (Asociación Mexicana de Actuarios); the IACA (International Association of Consulting Actuaries) and the IAA (International Academy of Actuaries). He was the first Mexican actuary to become a Fellow of the American Society of Pension Professionals and Actuaries (ASPPA) in 1974 and the first Mexican actuary to become a member of the American Academy of Actuaries (AAA). He was included in “Who’s Who in the World,” 1993-1994, 11th Edition.
Due in large part to his efforts, the Mexican Ministry of Education recognized the professional and academic efforts of specialists in contingent labor liabilities actuarial valuations (instead of: “appraisals of contingency commercial liability”) granted by CONAC to those employed in that specialty.
He is considered by the AMAC and the CONAC as one of the main contributors to helping develop the practice of pension plan consulting, in Mexico, as well as contributing towards the development of many generations of actuaries, both scholastically and professionally.
Private life
editIn addition to his illustrious business and academic career, CRM enjoyed travel and had a passion for extreme sports. He raced cars as a young man and continued to race cars and motorcycles, well past retirement as a Vintage Car Race Driver. He was an active member of the Federacion Mexicana de Automovilismo in Mexico. In addition to cars, CRM loved riding road and off road motorcycles, an activity he shared with his son Carlos Octavio. CRM also was a graduate of the illustrious BMW Nurburgring Motorcycle Road Racing School in Germany. He loved the outdoors and, in particular, scuba diving. He was able to dive all over the world and was one of the first private individuals to be allowed to dive in the Galapagos Islands. As a young man, he received equestrian training and, later in life, continued to ride horses with his wife in Llano Grande, Hidalgo. He was an avid reader, an expert in Mexican “taco cuisine,” music, and Mexican art. Over his lifetime, he was able to sponsor and promote several notable Mexican artists, such as the late painter, Aurelio Pescina. He loved animals, in particular, cats and dogs, of which he had many companions. He donated his time generously as a member of the Board of Directors of the Escuela para el Entrenamiento de Perros Guia, I.A.P. and Conexion Animal de Servicio Institucional.
Generous by nature, CRM tutored high school and actuarial students and dedicated his time and hope to people with alcohol and drug addictions. A spiritual man, he believed that God gave him the serenity to follow His will throughout his life.