Mexican bank Grupo Financiero BBVA-Bancomer SA has launched a private bank to provide comprehensive services for wealthy customers. The n...

Mexican bank Grupo Financiero BBVA-Bancomer SA has launched a private bank to provide comprehensive services for wealthy customers. The new bank, will handle 40 per cent of Mexico's HNW market. "People don't have to think about offshore institutions to get answers to their financial needs," said Private Bank Bancomer’s head Jaime Alvarez. The new bank will coordinate client services from all banking areas, including business and commercial banking, investing and trustee services. BBVA Bancomer is the Mexican unit of Spain's Banco Bilbao Vizcaya Argentaria SA (BBV).