Financials Stock News Update: Santander Mexico Fincl Gp SAB deCV (ADR)(NYSE:BSMX)

Santander Mexico Fincl Gp SAB deCV generated a return on investment of 20.70 % in past 12 months and return on equity of 13.10% for similar period.

The share price of Santander Mexico Fincl Gp SAB deCV (ADR)(NYSE:BSMX) surged 10.86 percent for the year. YTD, the current share price of the stock is above 27.82 percent.

Grupo Financiero Santander México, S.A.B. de C.V. (BMV: SANMEX; NYSE: BSMX) (“Santander México” or “the Company”) one of the leading financial groups in Mexico, and Banco Santander (México) S.A., Institución de Banca Múltiple Grupo Financiero Santander México (“Banco Santander México” or “the Bank”), declared recently that Mr. Pedro José Moreno Cantalejo is stepping down as Vice President of Finance and Administration of Santander México effective recently, after a distinguished career following 30 years of service at Santander Group, with over 12 years at Santander México.

Executive President and CEO of Santander México, Héctor Grisi, said: “Pedro has played an integral role in positioning Santander México as one of Mexico’s leading financial groups. He was instrumental in Santander México’s IPO, in Mexico and in the United States of America, enhancing the Company’s market position, and strengthening organizational transparency. He has also led several industry leading capital optimization programs which together with his commitment to robust financial control, contributed to deliver sustainable shareholder value.”

“Pedro leaves a high-performing finance and administration team in place, and committed to enabling the Company to achieve its planned aim of becoming a client-centric bank through a strong focus on innovation and operational transformation. We wish him the very best in his future plans.”

Pedro Moreno said, “This is an ideal time for me to make this personal move. I am so proud to leave Santander México as an organization that is well-positioned to deliver on its planned programs with a strong team to continue execution.”

Since 2010, Mr. Moreno has led the administration and financial division of Santander México, which includes intervention and control administration, financial administration, legal, human resources, operations and technology, corporate resources and recoveries, and shareholder relations. His responsibilities will be taken over by practiced executives in these areas who will report to the Executive President and CEO.

Shares of Santander Mexico Fincl Gp SAB deCV (ADR)(NYSE:BSMX) gained 1.21% to $9.19 on Thursday. The share price is trading in a range of 9.08 – 9.31 (Price in Dollars). The stock exchanged hands with 2,914,656 shares contrast to its average daily volume of 2,148,009 shares.

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