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Who are we?

The Firm

X-Square Capital is a privately owned entity that offers investment advisory services to multiple private funds, as well as a select number of separately managed accounts, covering a range of different investment strategies and objectives. The firm advises to funds and separately managed accounts on behalf of institutional and private investors.

X-Square Capital, based in San Juan Puerto Rico is 100% employee-owned and rated a Minority Business Enterprise (MBE).

The People

Ignacio Canto - CFA, FRM

Ignacio CANTO


Ignacio Canto is the founder, President and Portfolio Manager at X-Square Capital Group. He served as Executive Vice President and Treasurer for the Government Development Bank for Puerto Rico (GDB) from 2010 to 2012. Prior to that, he worked as a portfolio manager and portfolio analyst at Santander Asset Management Corporation, where he traded interest rate derivatives, U.S. Government and Agency securities, structured products, municipal bonds, equities and equity derivatives.

He holds the Chartered Financial Analyst (CFA) designation and the Financial Risk Manager (FRM) designation.

Gabriel Medina - CFA

Gabriel MEDINA


Gabriel Medina is Portfolio Manager for X-Square Capital. He began his career at Saint-Gobian as a production engineer in the manufacturing sector. He then transitioned into the services industry, working at Liberty Mutual and Accenture as a business analyst. Gabriel interned as a private equity analyst while studying for his Master’s Degree in Boston. He has managed to successfully leverage his prior experience in the asset management industry.

He holds the Chartered Financial Analyst (CFA) designation.



Rubén Tapia is Chief Compliance Officer and Chief Financial Officer at X-Square Capital with over 10 years of experience. He has served as external auditor for Deloitte and Touche, providing audit and attest services to global and local companies, and later joined Banco Popular de Puerto Rico’s Popular One Division as an annuities, life and P&C insurance adviser for institutions and high net worth individuals.

Jimmy Rodríguez


Jimmy Rodríguez is Head of Business Development and Senior Vice President in X-Square Capital. In his over 30 years of experience, he served as President and Chief Executive Officer in Santander Securities Corporation, and prior to that, he was Managing Director in charge of Institutional Sales for Popular Securities.

Lee Cardona


Lee Cardona is a Senior Vice President at X-Square Capital. He served as First Vice President of Investments for Popular Securities from August 2011 through February 2019, where he oversaw a book of approximately $475MM in assets under management. He specializes in developing strategies and solutions based on the client’s risk tolerance, time horizon, liquidity needs, and overall investment goals for high net worth individuals.


X-Square Capital was founded in 2013 with a clear goal to provide new options to Puerto Rico investors, and promote short and long-term financial wellbeing. This young and energy filled company balances experience and knowledge, with technology and expertise, creating a professional and more personalized experience, with unparalleled commitment to clients- both individuals and institutions.

We are here to answer all your questions

We strive to be as transparent and in touch with our clients as possible. If you have any questions or comments regarding our services, or would like to receive more information, please fill out this contact form:

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Go to xsquarecapital.com