“I want to express my sincere gratitude to Chairman Claudia Sheinbaum for her continued support of Citi,” Jane Fraser said in a statement.
The banker highlighted that Mexico remains one of the most important markets for the financial institution and said that it has a deep commitment to the long-term growth of the country.
“We value the president’s leadership and look forward to continuing to work collaboratively with our clients to strengthen investment, promote innovation and contribute to the country’s economic resilience,” said Fraser.
Fernando Chico Pardo became, with the authorization of the regulators, the owner of 25% of Banamex and its president of the Board of Directors.
In 2026, Banamex will focus its investments and efforts on strengthening consumer banking through digital channels.
