Banco Nacional de México announced on Wednesday, April 22, that Edgardo del Rincón will assume the general direction after Manuel Romo's resignation, as he pursues personal projects in social development. Romo will stay in the role until June 1. Del Rincón, with 40 years in banking, vows to drive the bank's digital transformation.
Banco Nacional de México stated that Manuel Romo is stepping down as general director to focus on "personal projects centered on social development topics." He will remain as CEO until June 1, according to the institution's statement.
Edgardo del Rincón, with four decades in Mexican banking and 34 years at Banamex in the consumer banking division, is the new general director. He began his career advising corporate clients and later specialized in credit for individuals and families. An economics graduate from Instituto Tecnológico de Monterrey, he led BanBajío since 2019, boosting its position as a key financial intermediary; Iván Lomelí León will succeed him there from May 1.
"I will drive the strategy for Banamex's technological and digital transformation with the client at the center of everything we do," Del Rincón stated. He added: "I am convinced that, under Fernando Chico Pardo's leadership, we will take Banamex back to being the leader in the country's financial sector."
Fernando Chico Pardo, who bought 25% of Banamex from Citi and chairs its board, praised Romo: "Manuel has been an exceptional top executive, both professionally and humanly. He hands over a strong and dynamic Banamex ready for the next stage." Chico Pardo sees Del Rincón as key to returning the bank to number one.
The change comes amid Citigroup's sale of Banamex. In February, Citi sold another 24% to institutional investors. Jane Fraser, Citigroup CEO, said in the Q1 2026 earnings call that there will be no further transactions this year, with an initial public offering for the remainder possibly early 2027 if conditions are favorable.
