BAML Poaches DB Mexico Head

Bank of America Merrill Lynch (BAML) has hired Tito Vidaurri from Deutsche Bank to lead its Mexico business following the upcoming retirement of Orlando Loera. Based in Mexico City, Vidaurri will report directly to Andrea Orcel, executive chairman of global banking and markets. “Mexico is one of the most important countries in our LatAm footprint,” says Orcel. Vidaurri will also join the EM (ex-Asia) executive committee, of which Orcel is president. Vidaurri is due to join BAML in April. He was chief country officer, chairman of the board and CEO of Deutsche’s Mexican commercial banking and brokerage businesses, a position he held for over 4 years. Prior to Deutsche, Vidaurri was Morgan Stanley’s head of north LatAm investment banking. Loera was at BAML for 36 years.