Citibanamex is being separated from Citigroup and prepared for an independent IPO on the Bolsa Mexicana de Valores under Grupo Financiero Banamex CEO Manuel Romo, while the institutional Citi Mexico franchise (Banking, Markets, Securities Services, Treasury and Trade Solutions, Private Bank, Investment Banking) remains inside Citigroup globally; understanding which side of the perimeter your role sits on is the single most important contextual fact before applying.
The divestiture was announced by Citi CEO Jane Fraser on 11 January 2022, originally targeted as a trade sale, pivoted to an IPO path in May 2023 after Grupo Mexico and other trade-sale bidders did not clear, and has been repeatedly delayed through 2024 and 2025 due to weak Mexican equity-market conditions, political transition, and nearshoring and tariff uncertainty, so the ultimate IPO timing and post-IPO shareholder structure remain genuinely uncertain in 2026.
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