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Banorte Securities International relocates US headquarters to Houston

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HOUSTON – (WIRE BUSINESS) –Banorte-Ixe Securities International, Ltd. (BSI), a member of FINRA and SIPC, an investment management and brokerage service company, announced today the relocation of their US headquarters in Houston. Led by a young and experienced management team, the relocation of headquarters to the company’s customer base and the expansion of technology-infected product offerings marks a major shift in enterprise operations strategy.

A subsidiary of Grupo Financiero Banorte, Mexico’s second-largest financial institution, BSI implements the same time-tested, relationship-driven approach to providing investment solutions to a growing base of Mexican and domestic clients.

Our relocation of US headquarters to Houston is the beginning of a new chapter for Banorte Securities, said Luis Pietrini, Managing Director of Grupo Financiero Banortes Private Bank. With a new team of managers at the helm and an expanded line of technology-driven products to attract our sophisticated clientele, we are committed to extending the same trusted expertise that has driven Banorte in Mexico for the past 100 years for customers throughout North America.

BSI brokerage services offer a variety of investment opportunities including mutual funds, stocks and fixed income products, while enterprise advisory services offer a diversified investment strategy worldwide, tailored to meet specific short-term and long-term financial objectives. of customers.

The newly established BSI management team is led by Houston-based CEO Xavier Ibarrola. Ibarrola came to the company from the BBVA Group where he spent more than 20 years in investments and financial management positions.

In addition to unveiling the company’s new headquarters and announcing its management team, BSI is expanding its product offerings to existing, Mexico-based customers with the launch of BAM Digital. Created in partnership with BlackRock, BAM Banorte Asset Management – Digital is BSI the first fully digital investment alternative. Easy to access through website or through a application, BAM Digital features globally diversified portfolio options designed by BlackRock and backed by a team of seasoned advisors.

Everything we do at Banorte Securities is created specifically for the needs of our clients, said Banorte Securities CEO Xavier Ibarrola. As our clients become more and more tech-savvy and back-to-back on their personal financial journey, developing a completely easy-to-use investment platform was the next logical step in growing our market segments and building stronger relationships. long-term with our customers.

Ibarrola continued, We are eager to discover BAM Digital for our existing customers in Mexico and hope to introduce this fully digital platform to our local clientele in the near future.

While BSI is headquartered in the Galleria area, the company maintains a branch in The Woodlands, a suburb north of Houston, and plans to expand throughout Texas, as well as Miami and San Diego in the coming years. In addition to providing brokerage and advisory services, Banorte Securities will host a variety of programs aimed at empowering clients on their personal financial journeys.

Houston’s proximity to a large portion of our customer base, growing economy and connection to Banortes’s Mexican culture makes it the perfect home for Banorte’s US headquarters, Ibarrola continued. We are excited to deepen our roots in Houston and look forward to helping the amazing clients of this community and non-clients achieve their financial goals.

Located at 5075 Westheimer Road, the company’s new 10,000-square-foot headquarters currently houses 24 full-time employees with space to accommodate a total of 42 employees in the coming years. Designed by AMB Architects, the open concept office introduces explosions of Mexican / Houston culture through brightly colored graffiti art displays, including two custom 6 by 8 foot murals.

To learn more about Banorte Securities or to talk to a dedicated financial advisor, visit www.BanorteSecuits.com.

About Grupo Financiero Banorte

Grupo Financiero Banorte is a leading financial institution in Mexico, the second largest financial group in the country and the one with the widest business diversification in the market. Banorte offers services to more than 21 million customers through an extensive network that includes more than 1,100 branches, over 9,000 ATMs, more than 16,000 correspondents and over 162,000 point of sale terminals.

The main activity of our subsidiaries is the realization of financial operations such as banking services, intermediation and warehousing, rental operations and factoring. We provide pension insurance and services, as well as the management of pension savings contributions. We also operate Uniteller International Money Transfer Company, which mainly serves the remittance market.

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