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Banorte Securities International Expands U.S. Headquarters, Illustrating Strong Growth Since 2020 Relocation
Published: December 15, 2021
The expansion, accompanied by the relocation of The Woodlands’ satellite office, demonstrates BSI’s commitment to the Houston community
HOUSTON--(BUSINESS WIRE)--Banorte Securities International (BSI), a Houston-based investment management and brokerage service company, today announced the expansion of its U.S. headquarters in The Galleria and the relocation of the firm’s satellite office in The Woodlands. This latest move will accommodate the company’s growing staff and product offerings, allowing the team to provide the highest level of service to its expanding client base.
Since relocating its U.S. headquarters to Houston from New York last summer, BSI’s business, product offerings and staff have grown dramatically. This prompted the firm to expand its current headquarters in The Galleria (5075 Westheimer Rd, Suite 975W) by 2,165 square feet, bringing the total space to 12,228 square feet. The renovation, being handled by AMB Architects, will accommodate 10 new employees and is set to complete in January 2022.
“Both the expansion of our headquarters in The Galleria and the relocation of our office in The Woodlands demonstrates our commitment to Houston and its surrounding communities,” said Xavier Ibarrola, CEO of BSI who has led the transformation of the company in the U.S. market since 2019. “Since Banorte Securities moved its headquarters here just over one year ago, the Houston community has welcomed us with open arms. Growing our physical presence in the community will allow us to accommodate our ever-growing team and clientele.”
BSI established its presence in The Woodlands in 2015 and will relocate to a larger office during Q1 of 2022 (9950 Woodloch Forest Drive). The 3,170-square-foot location will house 14 employees, most of whom hold sales positions, making it possible to serve an increasing number of clients with customized products and services.
“Now is the perfect time for Banorte Securities to expand its U.S. footprint, as our firm continues to experience tremendous growth,” said Ibarrola. “Our assets under management have grown by 50 percent since close of 2019, and we have incorporated Pershing and Interactive Brokers as best-in-class clearing and custody agents for our international wealth management and digital asset management business. These expansions allow our team to significantly grow our client base, both locally and internationally.”
In recent months, the firm has launched an array of new products and services. Banorte Securities Holdings, parent of BSI and Banorte Asset Management, doubled down on its commitment to digital solutions by launching the digital investment tool BAM Digital for both offshore and U.S. domestic investors. The firm also strengthened its suite of comprehensive financial tools by adding insurance products. Additional details on new product and services such as international mortgages are coming soon.
To learn more about Banorte Securities or to speak to a dedicated financial advisor, visit www.BanorteSecurities.com.
About Grupo Financiero Banorte
Grupo Financiero Banorte is a leading financial institution in Mexico, the second largest financial group in the country and the one with the broadest business diversification in the market. Banorte provides services to more than 21 million customers through an extensive network that includes more than 1,100 branches, over 9,000 ATMs, more than 16,000 correspondents and over 162,000 point of sale terminals.
Our subsidiaries’ main activity is the realization of financial operations such as providing banking, brokerage and warehousing services, leasing and factoring operations. We offer insurance and annuity services, as well as the management of retirement savings contributions. We also operate the international money transfer company Uniteller, which mainly serve the remittance market.
Lauren Williams, Pierpont Communications
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Banorte Securities International Relocates U.S. Headquarters to Houston
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