Latin America
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Rivera will succeed current CEO Carlos Rivera, effective 1 January. -
Earlier this month this publication revealed that the brokerages were in advanced talks to secure a deal.
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Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
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The promotion is effective as of January 1.
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Sources said that Nacional would only consider a bid north of $150mn.
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Baudouin is transitioning to a chairman position in Mexico.
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Padilla has also held senior regional roles at Cooper Gay and Swiss Re.
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