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Banamex Taps René Pimentel to Lead New Corporate and Investment Banking Unit

The move signals a push to rebuild service for large Mexican companies following the bank's split from Citi.

Overview

  • Banamex named René Pimentel director of corporate and investment banking, effective June 1, with a mandate to lead the bank’s return to this market.
  • He will create and grow the new unit by defining its focus, structure, client coverage, and plan for faster deal execution.
  • The platform will offer financing, leasing, syndicated loans, treasury, trade finance, foreign exchange, and access to debt and equity markets, plus derivatives.
  • Pimentel brings nearly three decades in finance with roles at Citibank México, Deutsche Bank in Mexico and New York, IXE Grupo Financiero, and Banorte.
  • The hire follows recent leadership moves, including Edgardo del Rincón as CEO starting June 1 and Marcelo Santos to lead the Afore, signaling a coordinated reset.