BBVA's Bancomer Transfer Services appoints Aurora Garza Hagan its new CEO
-- CFO tapped to lead electronic money transfer business
-- Garza Hagan will lead the international money transfer services business from Houston
-- BTS handles $10 billion of the $60 billion in funds sent each year to Latin America
21 Jul, 2015, 01:25 ET
HOUSTON, July 21, 2015 /PRNewswire/ -- Bancomer Transfer Services Inc. (BTS), the global money transfer services unit that is a part of BBVA's U.S. operations, announced today that Aurora Garza Hagan has been named its new chief executive officer.
Garza Hagan rose up through the ranks at BTS, which currently handles $10 billion out of the $60 billion in funds sent each year to Latin America, the largest remittances corridor in the world. She started in 2001 as a senior accounting analyst and has held various leadership positions, most recently as chief financial officer overseeing all aspects of finance, accounting, treasury management, legal and risk. Before joining BTS, Garza Hagan held senior auditor positions at Ernst & Young and Continental Airlines.
"Aurora brings years of experience to this position," said BBVA U.S. Country Manager and BBVA Compass Chairman and CEO Manolo Sanchez, who oversees all of BBVA's U.S. operations, including BTS. "She has a broad view of how to drive our organization, and an excellent command of the level of risk and control required to run this type of business."
Garza Hagan is taking over as CEO following the departure of Moises Jaimes. She will report to new BTS Chairman Gabriel Palafox. Her appointment is effective immediately and she will be based in Houston.
A graduate of The University of Texas at Austin, Garza Hagan earned a bachelor's degree in business administration and is also a certified public accountant in the state of Texas.
About BBVA Group
BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About Bancomer Transfer Services
Based in Houston, Bancomer Transfer Services Inc. (BTS) is a subsidiary of BBVA Bancomer USA Inc., which is owned by Bancomer, the largest financial institution in Mexico and part of the BBVA Group (NYSE: BBVA) (MAD: BBVA), a multinational financial service group that operates in more than 30 countries. BTS has provided money transfer services to Mexico since 1995 and expanded to other key Latin American markets in 2002. Today, BTS offers consumer money transfer services to 27 countries with over 40,000 payment locations. With this strong foundation, BTS continues expanding the service in Europe and Asia. The strength of the BBVA global brand, coupled with technology and compliance capabilities, makes BTS an attractive proposition for financial institutions and customers around the world that require money transfer services.
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SOURCE Bancomer Transfer Services Inc.
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