Nu México Appoints Armando Herrera as CEO from September 2, Replacing Iván Canales Amid Workplace Allegations

Nu México has appointed Armando Herrera, a former executive at Konfío, as its new CEO effective September 2, replacing Iván Canales, who will continue to collaborate with the company. This leadership change comes as Nu México advances its transition to becoming a fully licensed bank. The appointment occurs amid allegations of a workplace environment characterized by isolation and verbal disparagement, as reported by former employees. Meanwhile, in a separate development within the financial sector, CFE's Fibra E has appointed Citi México as its new administrator following accusations of money laundering involving CIBanco.