HSBC Mexico announced the appointment of Jorge Arce as new CEO, replacing Nuno Matos. Arce has served since 2016 as deputy director-general of markets, corporate, and investment banking at Banco Santander Mexico. Meanwhile, from 2011 to 2016, he served as CEO and chairman of the board at Deutsche Bank Mexico, where he was responsible for business, operations, and governance.

Nuno Matos Nuno Matos, who has been the chief executive officer of HSBC Mexico since 2016, will take up a new position with Grupo HSBC and will be announced shortly. "Jorge Arce's strategic experience and in-depth knowledge of the Mexican market will help us to further strengthen our operations in the country," said Paulo Maia, CEO of HSBC Latin America and Chairman of the Board of Grupo Financiero HSBC Mexico.