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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:32 EDTBSMXBanco Santander partners with Warburg Pincus in custody business
Santander Mexico's parent company, Banco Santander, has entered into a definitive agreement with FINESP Holdings II B.V, an affiliate of Warburg Pincus to create a company in the custody business. The group, which will also include Temasek, a Singapore based investment company, will acquire a 50% stake in Santander's current custody operations in Spain, Mexico and Brazil. The remaining 50% will be owned by Santander. The transaction is expected to close in Q4. The transaction values Santander's custody operations in these countries at EUR975M and will generate a net capital gain for the Santander Group of approximately EUR 410M, which will be used to strengthen the balance sheet.
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August 24, 2015
16:21 EDTBSMXSantander Mexico names Hector Grisi Checa as CEO
Grupo Financiero Santander Mexico, S.A.B. de C.V. and Banco Santander, S.A. Institucion de Banca Multiple, Grupo Financiero Santander Mexico, pursuant to the announcement dated August 12, in connection with the changes to their Boards of Directors and CEO, announce that their Boards of Directors held a meeting in which Marcos Martinez Gavica was appointed as Chairman of the Board and Hector Grisi Checa as Executive President and CEO, subject to applicable regulatory approvals. Hector Grisi Checa, has extensive experience in the Mexican financial system, having been Executive President of Credit Suisse Mexico until last August 13.

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