“BlackRock’s ambition is to become a full solutions provider in key markets around the world," BlackRock's Armando Senra said. "This transaction is a big step forward in that direction in Mexico."
Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units
October 13, 2016 by
Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.
Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation
September 29, 2016 by
Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.
UBS names celebrated Citigroup vet as Americas vice chairman
May 18, 2016 by
Ed Montero had spent more than 50 years at Citigroup, most recently holding the position of vice chairman of Citi Private Bank and Wealth Management Latin America.
Brazil’s Itaú eyes Citigroup’s Latin American operations
April 15, 2016 by
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
Santander Brasil eyes Citigroup’s banking branches to grow wealthy clientele
March 30, 2016 by
Santander Brasil, the local unit of Spain's Banco Santander SA, wants to grow banking and other financial services for high net-worth clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro.
Citigroup plans to shutter retail banking operations from Argentina and Brazil
February 19, 2016 by
CEO of Citigroup, Michael Corbat, has been attempting to cut costs and increase revenues by scaling back the group’s global operations. Apparently, Citi's Uruguayan operations, including the wealth-management-distribution business, will survive the scaleback.
Banamex CEO steps aside in wake of scandal
October 10, 2014 by
Javier Arrigunaga, the bank’s chief executive, is stepping down “in light of the difficult challenges our franchise in Mexico has faced over the past year,” Banamex chairman Manuel Medina-Mora announced.
