Grupo Financiero Santander Mexico and Banco Santander Mexico Announce the Approval of Changes to their Boards of Directors and CEO

Aug 24, 2015, 16:17 ET from Grupo Financiero Santander Mexico, S.A.B. de C.V.

MEXICO CITY, Aug. 24, 2015 /PRNewswire/ -- Grupo Financiero Santander Mexico, S.A.B. de C.V. (BMV: SANMEX; NYSE: BSMX) ("Grupo Santander Mexico" or the "Group") and Banco Santander (Mexico), S.A. Institucion de Banca Multiple, Grupo Financiero Santander Mexico ("Banco Santander Mexico" or the "Bank"), pursuant to the announcement dated August 12, 2015, in connection with the changes to their Boards of Directors and CEO, announce that their Boards of Directors held a meeting today, in which Mr. Marcos Martinez Gavica was appointed as Chairman of the Board and Mr. Hector Grisi Checa as Executive President and CEO, subject to applicable regulatory approvals.

After years of committed and strategic leadership as Chairman of the Boards of Directors of the Group and the Bank since his appointment more than 18 years ago, Carlos Gomez y Gomez has expressed his intention to retire. Mr. Marcos Martinez Gavica has been appointed as his successor as Chairman of the Group and the Bank beginning January 1, 2016, currently Executive President and CEO of the two companies. The Board also approved the appointment of Mr. Hector Grisi Checa as the new Executive President and CEO of the Group and the Bank, replacing Mr. Marcos Martinez Gavica beginning December 1, 2015.

The new Executive President and CEO, Mr. Hector Grisi Checa, has extensive experience in the Mexican financial system, having been Executive President of Credit Suisse Mexico until last August 13, 2015.

About Grupo Financiero Santander Mexico

Grupo Financiero Santander Mexico, S.A.B. de C.V. (Santander Mexico), 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 Mexico 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 June 30, 2015, Santander Mexico had total assets of Ps.1,065 billion under Mexican Banking GAAP and more than 12 million customers. Headquartered in Mexico City, the Company operates 1,078 branches and 278 offices nationwide and has a total of 16,768 employees.

SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.



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http://www.santander.com.mx