MEXICO CITY, March 31, 2017 /PRNewswire/ -- 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"), announced today that Mr. Pedro José Moreno Cantalejo is stepping down as Vice President of Finance and Administration of Santander México effective today, 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 initiatives 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 strategic goal 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 strategic initiatives 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 management, financial management, legal, human resources, operations and technology, corporate resources and recoveries, and investor relations. His responsibilities will be taken over by experienced executives in these areas who will report to the Executive President and CEO.
ABOUT GRUPO FINANCIERO SANTANDER MÉXICO, S.A.B. DE C.V. (NYSE: BSMX; BMV: SANMEX)
Grupo Financiero Santander México, S.A.B. de C.V. (Santander México), one of Mexico's leading financial services holding companies, provides a wide range of financial and related services, including retail and commercial banking, securities brokerage, financial advisory and other related investment activities. Santander México offers a multichannel financial services platform focused on mid- to high-income individuals and small- to medium-sized enterprises, while also providing integrated financial services to larger multinational companies in Mexico. As of December 31, 2016, Santander México had total assets of Ps.1,374 billion under Mexican Banking GAAP and more than 13.5 million customers. Headquartered in Mexico City, the Company operates 1,075 branches and 314 offices nationwide and has a total of 16,976 employees.
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SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.