In recent days, Citigroup director Jane Frase told her shareholders that the sale of Banamex would be completed at the end of 2025 and that this is one of the US bank’s priorities.
Citi announced the sale of the subsidiary in January 2022 and since then different buyers have withdrawn, so the operation will be carried out through a stock market offering.
Recently, Banamex appointed Francisco Leyva as its new corporate director of Operations and Technology effective November 4.
Leyva will report to Manuel Romo, CEO of Citibanamex, who will become CEO of Banamex upon its separation from the US bank.
