Overview
- Banco Multiva now serves as fiduciario, mandatario and representante común and holds the fiduciary title to client assets, ensuring continuity for trust holders.
- Multiva disclosed the closing to the Mexican stock exchange on September 5 after announcing the agreement on August 19.
- Before the transfer, CIBanco oversaw about 3.04 billones de pesos across roughly 3,600–3,700 trusts for a 26.76% share, while Multiva managed 33,733 mdp for 0.29%, according to CNBV data.
- Multiva states the acquisition makes it the leading player in Mexico’s fiduciary market, while other reporting describes it as one of the most relevant firms.
- PCR Verum and Fitch said the deal supports Multiva’s growth plans without significant capital strain, and Multiva reports client outflows eased after SHCP confirmed the transaction.