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Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary.
He is a former CEO of Banco Nacional de México (Banamex), Mexico's second largest bank, just after BBVA Bancomer, from Spain. He was a member of the board of Citigroup. Chairman of the Board, Banco Nacional de Mexico, S.A. - 1991 to present and is currently the Honorary Chairman.
BANAMEX Banco Nacional de México, S.A., Institución de Banca Múltiple, Grupo Financiero Banamex 006 BANCOMEXT Banco Nacional de Comercio Exterior, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo 009 BANOBRAS Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo 012
In 1884, the Banco Nacional Mexicano soon merged with Banco Mercantil Mexicano (Mexican Mercantile Bank) to form the Banco Nacional de México (National Bank of Mexico) which issued notes and was the primary lender to the government. The same year government issued a commercial code that gave it control of the banking sector, including the ...
American Express Bank; Bank of America; Bank of China; BBVA México, founded as Banco de Comercio (Bank of Commerce) or Bancomer, in 2000 Spanish bank BBVA was the majority shareholder until 2004 when it purchased all shares and wholly owned it.
He is also a director of Banco Nacional de Mexico, which forms part of Grupo Financiero Banamex, Consejo Mexicano de Hombres de Negocios, and Grupo Televisa. [3] According to Forbes, he was the second richest man in Mexico, after Carlos Slim, in 2015, 2016, and 2021. [1] [4]
While based in Miami, [22] [23] Fraser has been tasked with, among other things, "instilling a more U.S.-like culture" at Banamex (Banco Nacional de México), owned and operated by Citigroup since 2001. [21] The bank was fined $2.2 million on fraud charges in 2014. [23] The head of Banamex, Ernesto Torres Cantu, reports directly to Fraser. [22 ...
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