What does Republica do?

República AFAP is a state-owned pension fund administrator based in Montevideo, Uruguay. Established in 1996, it specializes in managing individual savings accounts for workers' retirement within Uruguay's mixed pension system. The company serves over 550,000 clients and manages nearly $9 billion in assets, representing about 15% of the country's GDP. With a significant market share of 38%, República AFAP generated $178.5 million in revenue in 2025 and operates 20 branches nationwide. The company is committed to ethical management and transparency, adhering to the CFA Institute Asset Manager Code and Pension Trustee Code. Its mission is to ensure security for affiliates and provide optimal retirement savings administration. República AFAP emphasizes core values such as honesty, ethics, respect, and continuous improvement, aiming to be a leader in Uruguay's individual savings pension regime while fostering a respectful workplace and maintaining high standards of service.