Carlos Rojo Macedo will continue with Grupo Financiero Interacciones' strategy and business model

MEXICO CITY, Oct. 7, 2014 /PRNewswire/ --  Grupo Financiero Interacciones, S.A. de C.V. (BMV: GFINTERO) ("Grupo Financiero Interacciones" or "GFI"), the largest specialized financial group in Mexico providing financing, risk management and financial advisory services mainly to the Mexican public sector, today announced that Carlos Rojo Macedo has been appointed by GFI's board of directors to lead the firm as CEO, replacing Mr. Hank Gonzalez who is stepping down from this position to accept the nomination made by a group of Banorte´s shareholders to join the board of this institution. Mr. Rojo, has played an integral role in the development and implementation of GFI's strategy and business model since the year 2000 in different positions including: CEO of Banco Interacciones, GFI's bank subsidiary, CEO and COO of Grupo Financiero Interacciones and Executive CEO of Grupo Financiero Interacciones, managing all of GFI's business units.

Mr. Hank Gonzalez commented, with this decision, he has concluded a professional career of more than 20 years at GFI achieving outstanding results in terms of growth and profitability, including a very successful public offering in October 2013 which consolidated GFI's institutionalization efforts. Currently, GFI is the largest specialized financial group in Mexico with a solid and committed management team, maintaining the highest standards in corporate governance. Mr. Hank Gonzalez also resigned to his role as a member of GFI's Board of Directors, to the Presidency of the Board of Banco Interacciones and to that of Interacciones Casa de Bolsa.

Mr. Carlos Hank Rhon, President of the Board of GFI since its inception, maintains his position and assumes once again the role of president of the Board of Banco Interacciones and Interacciones Casa de Bolsa, GFI's brokerage subsidiary.

The decision of GFI's board of directors supports the continuity of a unique and specialized business model that was driven by Carlos Hank Gonzalez, Mr. Carlos Rojo Macedo and a group of executives who have multiplied several times income, assets, portfolio, net income and valuation since the implementation of this business model in the year 2000.

Carlos Rojo noted: "Further building on our business model that mirrors the development in Mexico, I will continue to execute on our successful business strategy. This is the strategy that has defined GFI for the past years and which has been carried out by the management team that has a long history together. It is a strategy that produces customized solutions for clients within specific niches and which has enabled us to create shareholder value."

Mr. Rojo, with more than 17 years of experience at GFI, has a bachelor's degree in economics from Universidad Iberoamericana and holds a master degree in Financial Engineering and Corporate Finance from the same institution.

Furthermore, Carlos Hank Gonzalez commented: "By joining Banorte's board of directors, it does not imply an existing agreement or willingness to merge Banorte and GFI. The sole purpose of this is to contribute and add value in the process of aligning the strategy and interest of the board to those of international and domestic shareholders. Thereby, strengthening Banorte's corporate governance and maximizing the many opportunities that our current economic framework offers."

Mr. Hank Gonzalez concluded: "Today more than ever I am committed to the legacy of my grandfather Roberto Gonzalez Barrera, founder of GRUMA and Banorte, Mexico´s most important Mexican financial group and a symbol of a strong and responsible Mexican Banking System.  Thus, once my designation is approved, I will be fully committed to work together with the board to guarantee and defend the rights of shareholders and create a corporate governance that is an example among Mexican enterprises."

About Grupo Financiero Interacciones

Grupo Financiero Interacciones, S.A. de C.V. is the largest specialized Mexican financial group with a business model focused on providing financing, risk management and financial advisory services mainly to the Mexican public sector, which includes federal, state and municipal governments, quasi-government entities and government suppliers. Grupo Financiero Interacciones conducts its business mainly through Banco Interacciones, its banking subsidiary, and through Interacciones Casa de Bolsa, its broker-dealer subsidiary, and Aseguradora Interacciones, its insurance company subsidiary. Grupo Financiero Interacciones is listed on the Bolsa Mexicana de Valores under the symbol "GFINTERO".  For more information, please visit www.investorsinteracciones.com

SOURCE Grupo Financiero Interacciones, S.A. de C.V.