Citi Nabs BBVA Tech Head to Lead Revamp Ahead of Banamex IPO
- Leyva to lead transformation of tech architecture at Banamex
- Public offering of Mexican consumer bank set for late 2025
A Citibanamex branch in Mexico City, Mexico, on Friday, May 26, 2023.
Photographer: Jeoffrey Guillemard/BloombergThis article is for subscribers only.
Citigroup Inc. poached Banco Bilbao Vizcaya Argentaria SA’s head of software development to lead a technology architecture overhaul at its Banamex unit ahead of the Mexican consumer bank’s planned initial public offering next year.
Francisco Leyva will serve as head of operations and technology at Banamex once the business officially completes its separation from Citigroup, according to people familiar with the matter who asked not to be identified discussing private information. Citigroup expects to have finalized the unit’s carve out by the end of this year, with its IPO then slated for the end of 2025.