BANCO SANTANDER MÉXICO ANNOUNCES STRUCTURAL CHANGES IN ITS CEO POSITION AND SENIOR MANAGEMENT

MEXICO CITY, July 21, 2022 /PRNewswire/ -- Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BMV:BSMX, NYSE:BSMX) ("Banco Santander México" or the "Bank") one of the leading banking institutions in Mexico, announced that, on the date hereof, its Board of Directors approved the appointment of Mr. Felipe García Ascencio as Chief Executive Officer of the Bank, replacing Mr. Héctor Grisi Checa. Mr. Héctor Grisi will remain as Executive Chairman and Chief Executive Officer of Grupo Financiero Santander México (the "Group") until December 31, 2022.

Mr. Felipe García Ascencio has a degree in Economics from the Instituto Tecnológico Autónomo de México and a master's degree in economics from the London School of Economics and Political Science. He has broad experience in the Mexican financial industry and he has worked in the Group as Head of Mexico's Corporate Investment Banking (SCIB). Previously, he worked at Credit Suisse for 18 years in different positions, the last of which was Head of Corporate & Sovereign Latam Coverage, a part of the Global Markets division. Mr. Felipe Garcia Ascencio also worked at Goldman Sachs and the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público).

The Board also approved the creation of two Vice-presidencies. The Vice-presidency of Administration and Finance, to be led by Mr. Didier Mena Campos, who currently holds the position of Chief Financial Officer, and the Vice-presidency of Consumer, Commercial and Institution Business Banking, to be held by Mr. Pablo Fernando Quesada Gómez, who heads the Consumer, Commercial and Institution Business Banking department.

The new organizational structure includes the appointments of Mr. Alejandro Capote Garza as the new Head of SCIB; Ms. Ana Felisa López Escobar, as Head of Human Resources, replacing Mr. Juan Ignacio Echeverría Fernández; and Mr. Matías Núñez Castro, as Head of Digital, Innovation and Channels, replacing Ms. Maria Fuencisla Gómez Martín.

ABOUT BANCO SANTANDER MÉXICO (NYSE:BSMX, BMV:BSMX)

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Banco Santander México), one of the leading banks in Mexico, offers a wide range of products and financial services, including retail banking, financial advisory services, as well as other investment activities. Banco Santander Mexico offers a financial services platform focused on the middle and high-income segments of the population as well as small and medium companies. It also provides financial services to large multinational companies in Mexico. As of March 31, 2022, Banco Santander Mexico held total assets of Ps.1,734 billion pesos and had more than 20.1 million clients. Based in Mexico City, the company operates 1,345 branches and offices nationwide with a total of 25,342 employees.

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SOURCE Banco Santander México, S.A.