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Santander Mexico appoints former Deutsche Bank executive

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Santander Mexico appoints former Deutsche Bank executive

has appointed former Deutsche BankMéxico SA Institución de Banca Múltiple Chairman and CEO Jorge ArturoArce Gama as deputy general director of Global Corporate Banking, the firm saidin a press release April 4.

ArceGama has replaced Juan Garrido, who has moved to Santander's London-based subsidiary,the release said.

SantanderMéxico CEO He´ctor Grisi Checa said the move is aimed at making Santander more competitivein the corporate banking area. "The appointment of a professional with Jorge'sskills allows us to strengthen our [corporate banking] team," he was quotedas saying.

ArceGama has 25 years of experience in the investment and corporate banking area, havingworked for institutions such as Citibank Me´xico and Deustche Bank in New York,as well as Deutsche Bank México.

DeutscheBank announced in October2015 its exit from various Latin American markets, including Mexico, as part ofits global restructuring.