# Carlos Gustavo Rosado Muñoz

Carlos Gustavo Rosado Muñoz (October 19, 1941 – May 5, 2013) was a Mexican businessman, mathematician, and scholar.
Born in Mexico City, he was the fourth son of General Álvaro Rosado Osorio and Adriana Muñoz Turnbull among eight children of the family. He was married to Patricia Ellen Van Nest and resided in Mineral del Chico, Hidalgo. In 2013, he died in his vacation home in the same settlement.

## Professional career

Rosado Muñoz graduated from National Autonomous University of Mexico (UNAM) with magna cum laude in 1965, writing the thesis “Modelos matemático actuariales applicados en la valuación de planes privados de pensiones" (Actuarial mathematical models, applied in the valuation of private pension plans).He was the 16th person to have actuarial sciences degree in the university.
Post graduation, he became the founding professor of Pensions. He also taught actuarial science and mathematical finance at UNAM. In 1975, he earned a MBA in risk management from Universidad de las Américas, and later gave lectures in the institution. In addition to UNAM and Universidad de las Americas, he was the dean of actuarial sciences at Universidad Anahuac.
After retirement, he carried on giving lectures at Universidad Autónoma del Estado de Hidalgo and continued his studies. He completed a doctorate in Philosophy, a major degree in Finance (2004) and a doctorate degree in Higher Education (2012) from Universidad Abierta de Tlaxcala.
Muñoz had a career as an actuary in Mexico City and was one of the original founders and designers of the Mexican Pension Plan system. In the mid-1980s, 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 in its portfolio 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 Fortune 500 companies such as Purina, BIC and GE. By 1990, RR y Asc employed over 300 people with offices in Mexico City, Monterrey, Guadalajara, Cancun, and other major cities throughout Mexico. He was instrumental in attracting Towers Watson to Mexico, 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 on 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.
Rosado Muñoz was a founding member of the Colegio Nacional de Actuarios, A.C., as well as serving as its President (1985-1987) 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 active in the commercial sector, having the position of President of the Asociación Mexicana de Actuarios Consultores (AMAC), and of the Colegio Nacional de Actuarios (CONAC). He was a member of the Asociación Mexicana de Actuarios (AMA); the International Association of Consulting Actuaries (IACA) and the International Academy of Actuaries (IAA).
He was the first Mexican actuary to become a Fellow of the American Society of Pension Professionals & 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, 11th edition, 1993-1994.
Due in large part to his efforts, the Secretaría de Educación Pública (Secretariat of Public Education (Mexico)) 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 AMAC and CONAC as one of the contributors in helping to develop the practice of pension plan consulting in Mexico, as well as contributing towards the development of many generations of actuaries, both academically and professionally.

## Private life

In addition to his business and academic career, CRM traveled and participated in extreme sports. He raced cars as a young man and continued to race cars and motorcycles past retirement, as a Vintage Car Race Driver. He was an active member of the Federacion Mexicana de Automovilismo Deportivo, A.C.