Citi Mexico targets bank clients after Banamex split
Following its separation from Banamex, Citi Mexico is expanding its business to serve other financial institutions. CEO Luis Brossier says the strategic shift mirrors Citis corporate-focused model in Brazil.
Insights:
Citi Mexico is targeting expanded corporate lending and interbank services following its structural separation from Banamex, CEO Luis Brossier said on Tuesday. The strategic pivot frees the institutional unit to serve rival financial institutions across Mexico. The split positions the corporate banking division to mirror growth models seen in Brazil.
