BlackRock-Banamex tie-up in Mexico promises to upend the market

Who wins and who loses when BlackRock takes over CitiBanamex's asset management operation in Mexico?

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BlackRock to acquire asset management business of Citibanamex

“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."

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Banamex CEO steps aside in wake of scandal

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.

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