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Citi names new head of Mexican wealth operation

Citi names new head of Mexican wealth operation

Citibank’s Rodrigo Cordova has been appointed as head of Citibanamex’s private banking and wealth management units, Citywire Americas can reveal. 

Cordova, previously head of development and strategy for Citibank’s International Personal Bank, will now be responsible for aligning Citi’s global strategy to its Mexican counterpart.

A spokeswoman for Citi confirmed Cordova's new role, in which he will use the larger organization's resources to strengthen the proposition, advisory and wealth management services available to high net worth clients in Mexico. 

Cordova will also work to improve the firm’s controls to ensure a ‘solid and sustainable operation’.

He will report to Manuel Calvillo in the retail bank organization, as well as Surath Chatterjee, global head of the Citigold Private Client, Citigold and Priority client segments. 

The firm would not comment on whether Cordova’s role is a new one to the firm or whether he has taken someone’s place.

Rodrigo has held several leadership positions within Citi for the last 11 years in Citi Private Bank, as well as its Latin American and global wealth management units. 

Citi announced it would be investing more than $1 billion in its Mexico unit in October 2015, which was previously known as Banco National De Mexico, or Banamex. It also renamed the business Citibanamex on the back of the investment.

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