China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

EuromoneyFXNews.com

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Tuesday, February 2, 2010

Banamex reveals new executive committee

by Chloe Hayward

New management structure is designed to integrate Mexican bank’s activities and shore up management team as Medina Mora moves up Citi global hierarchy.


More on Banamex

Banamex announced the creation of a new executive committee today, whose main goal will be to define, integrate and execute the Mexican bank’s strategy across the entire group. The committee will be headed by Manuel Medina Mora, who was promoted to chief executive officer of Citi consumer banking for the Americas and chairman of Citi’s global consumer council, in January.

The committee will also include three senior executives: Enrique Zorrilla, Javier Arrigunaga and Fernando Quiroz. Together, they have the task of continuing the success story of Medina Mora’s 14-year tenure of the bank.

Zorrilla continues as chief executive of Banamex, the retail and commercial bank.

Arrigunaga has been promoted to chief executive of Grupo Financiero Banamex, the insurance, pension and brokerage operations which include...


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