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Vector to Transfer Client Portfolios to Finamex as Finamex Buys Vector Fondos Assets

The move seeks to safeguard client service under regulatory scrutiny, pending required approvals.

Overview

  • Vector and Finamex formalized agreements to move eligible client accounts to Finamex and to transfer Vector Fondos’ interests in 21 investment funds.
  • The companies emphasized this is not a merger or a purchase of Vector’s corporate license, describing it strictly as a portfolio and asset transfer.
  • Closing is contingent on standard conditions, including authorization from Mexican regulators following FinCEN’s June designation that restricted certain transactions.
  • Vector said client investments remain intact under established custody and supervision mechanisms at Indeval, with existing advisors integrating into Finamex to maintain service continuity.
  • The step follows CNBV intervention and a failed bid by Mifel, reflecting a broader sector reshuffle after CIBanco and Intercam sold major businesses in response to similar pressures.