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Banco Finansur chief resigns

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Banco Finansur chief resigns

After just over a year on the job, Banco Finansur SA chief Facundo Linares resigned from hispost for "personal reasons," the company said in a filing dated April4.

Argentina's central bank approvedLinares' appointment to the general manager role in March 2015.

The departure marks the latest in a flurry of senior-level exitsat the bank in recent weeks. In mid-March, Carlos Fabián de Sousa as vice president and a directorof the bank; days later, Nicolás Cevela steppeddown from his director position. Both men served less than a year intheir director positions.

The moves come as Argentina's government announced plans to the assets of businessman CristóbalLópez, who controls Banco Finansur among other businesses, in order to recoup 8billion Argentine pesos worth of debt allegedly owed to tax authority AFIP.

As of April 5, US$1 wasequivalent to 14.67 Argentine pesos.