BBVA Bancomer Reshuffles Top DCM Post

Ricardo Cano is heard leaving his position as BBVA Bancomer’s credit market head, with talk pointing to former UBS banker Antonio Castano as his possible replacement. Castano is currently director general of state development bank Nacional Financiera (Nafinsa) and like the bank’s recently appointed director general of global business, Alejandro Werner, he also worked at Hacienda in the early 2000s. Werner joined BBVA Bancomer earlier this year after three years as the country’s sub-secretary of finance. Castano, meanwhile, was hired by Nafin in early 2009 after working at UBS as an executive director in the LatAm DCM team and before that as deputy general director of public credit. Castano is heard leaving the government development bank on December 30, and is scheduled to commence a new role at BBVA Bancomer from January 2012. Cano started in the bank’s Mexico DCM group in 1997, and has held his current title since January.