BIOGRAPHIES
of Board Members

Carlos Hank González

President of the Board of Directors as of January 1^st, 2015

Carlos Hank González has developed a strong track record of over the past 20 years in strategic management levels in the private sector, with two outstanding key features: clear, measurable and compelling results; and construction of a long-term institutionality. At 43 years of age, he is recognized as a businessman, financier, proud Mexican and family man. He has his degree in Business Administration majoring in Finance from the Universidad Iberoamericana.

In 1997 he was appointed General Director of Interacciones Casa de Bolsa, in 1999 General Director of Banco Interacciones and in 2000 General Director of Grupo Financiero Interacciones (GFI). At the beginning of 2003 he was appointed Deputy General Director of Grupo Financiero Banorte, and towards the end of the same year returned to the General Management of Grupo Financiero Interacciones to position it as a highly profitable financial group, specialized in providing financing to states and municipalities. He led a successful public offering in 2013, which consolidated GFI as a public company with growing liquidity in the stock market. In 2008 he was named General Director of Grupo Industrial Hermes, which was founded in 1978, with different lines of businesses in infrastructure, energy, automotive, transportation and as of 2013, tourism. In Gruma, a world leader in the production of corn-flour and tortillas with a presence in more than 100 countries, Carlos Hank González has played a fundamental role since December 2012, month in which he served as Vice-President of the Board of Directors and joined the Executive Committee to design a healthy, responsible financial strategy which generated value for the company.

On October 7^th, 2014, he left Grupo Financiero Interacciones and on November 20^th, 2014 he was appointed by unanimous vote as President of Grupo Financiero Banorte’s Board of Directors, effective as of January 1^st, 2015.

David Villarreal Montemayor

Proprietary

Mr. Villarreal Montemayor joined Grupo Financiero Banorte’s Board of Directors in October 1993. He has a degree as a Mechanical Electrical Engineer from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), and a Master’s degree in Automatic Control Sciences from the same institution, as well as having participated in the IPADE’s program for upper management. He is the CEO and major shareholder of Artefactos Laminados, S. A. de C.V., President of the Board of Directors and Deputy General Director of Inmobiliaria Montevi, S.A. de C.V., Regional Advisory Director to Banco Nacional de Mexico, S.A. (Banamex) and Financial Advisor and Business Developer at SISMEX, Sistemas Mexicanos, S.A. de C.V.

Everardo Elizondo Almaguer

Proprietary Independent

Mr. Elizondo Almaguer joined the Board of Directors of Grupo Financiero Banorte in April 2010. Mr. Elizondo has served on Grupo Financiero Banorte’s Board of Directors since April 2010. He has a Bachelor’s degree in Economics from the Universidad de Nuevo Leon; a master’s degree and is working on his PhD in Economics from the University of Wisconsin-Madison. He founded and was the first Dean of the Graduate School of the Faculty of Economy of the Universidad Autonoma de Nuevo Leon. He was Director of Economic Studies for Grupo Industrial Alfa (Grupo Alfa today). He founded the consultancy company Index, Economía Aplicada, S.A. and was Deputy Governor of the Bank of Mexico. He is a Professor of International Finance at the EGADE Business School, ITESM and serves on the Boards of Directors of several companies.

Alfredo Elías Ayub

Proprietary Independent

Mr. Elías Ayub joined Grupo Financiero Banorte’s Board of Directors in April 2012. He has a Civil Engineering degree from Anahuac University and an MBA from Harvard Business School. He distinguished himself as CEO for the Comisión Federal de Electricidad (CFE), CEO of Airports and Auxiliary Services (ASA) and held various positions in the Ministry of Energy, Mines and State Industry and has served on various academic and other Boards such as the Deans’ Board of Advisors for Harvard Business School, Nacional Financiera, Multibanco Mercantil de Mexico and Banco Internacional. He also served as Chairman of the Mexican Institute for Electrical Research and serves as Chairman of the Harvard Mexican Foundation. He is currently President of the Board of Directors of Promociones Metrópolis, S.A. de C.V. and member of the Board of Iberdrola USA and Rotoplas.

Herminio Blanco Mendoza

Proprietary Independent

Dr. Blanco Mendoza joined Grupo Financiero Banorte’s Board of Directors in April 2005. He holds a Bachelor’s degree in Economics from the Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM), and has a Doctorate in Economics from the University of Chicago. He has collaborated in four different presidential terms of six years each for the Mexican Federal Government, in which reforms were implemented that successfully made Mexico stand out in the global economic system. He was the Secretary of Commerce and Industrial Development (1994-2000), Undersecretary of International Trade Negotiations (1993-1994); Undersecretary of Commerce and Industrial Development (1988- 1990); Member of the Economic Council of Advisers to the President of Mexico (1985-1998) and Adviser to the Secretary of Finance and Public Credit (1978-1980).

Dr. Blanco was one of President Ernesto Zedillo’s Cabinet members (1988-2000) and Chief of Negotiations of the North American Free Trade Agreement, NAFTA (1990-1993). He was responsible for free trade negotiations between Mexico and the European Union and seven free trade agreements with 10 Latin American countries and Israel.

In 2002 he founded Soluciones Estratégicas, a consulting company specializing in international trade negotiation and investment issues. He is founder and CEO of IQOM, Commercial Intelligence, an electronic medium that provides daily systematic monitoring of all measures related to international trade and that have an impact on companies with an interest in doing business in and with Mexico. He is a member of various committees including Arcelor Mittal US and Arcelor Mittal México, Bladex (Banco Latinoamericano de Comercio Exterior, NYSE). He is a Board member of Banorte, Cydsa, S.A. de C.V., FIBRA 1, Monterrey Global Ventures and the United States Chamber of Commerce Foundation; he is also a member of the International Advisory Committee of Mitsubishi Corporation and Advisor to companies such as Mitsubishi Heavy Industries, Isuzu, Panasonic, Sumitomo and Autodesk.

Adrián Sada Cueva

Proprietary Independent

Mr. Sada Cueva joined Grupo Financiero Banorte’s Board of Directors in April 2013. He holds a degree in Business Instituto Tecnológico y de Estudios Superiores de Monterrey (ITESM) and has a Master’s degree in Business from Stanford University. He is Chief Executive Officer of Vitro since March 2013 and a member of the Board of Directors of Vitro, S.A.B. de C.V. since 2010. He has served as Director of Vitro Cristalglass (Spain), General Director of Vitro Automotriz, Director of Internal Restructuring, Director of Administration and Finance and General Director of Vitro’s packaging business. In addition, he is a member of the Boards of Comegua, Club Industrial de Monterrey, the Universidad de Monterrey and Board of Directors of the chamber of the transformation industry (CAINTRA).

Patricia Armendáriz Guerra

Proprietary Independent

Ms. Armedariz Guerra joined Grupo Financiero Banorte’s Board of Directors in April 2009. She is an actuary mathematician from the Universidad Nacional Autónoma de México (UNAM), and has a Master’s degree in Economics from the same institution, as well as a Ph.D. in Economics from Columbia University in New York. Her professional career includes serving as Assistant to the Secretary of Finance and Public Credit, where she coordinated negotiations for the Free Trade Agreement in financial services, she later served as Vice President of Supervision for the National Banking and Securities Commission, in charge of supervision and resolution of the Mexican banking system; she was appointed Associate Director of the Bank for International Settlements, in charge of the analysis of the Basel II’s impact on emerging markets. She also served as advisor to the President of the Board of GFNorte and Director of Special Projects. She is currently Managing Director of Financiera Sustentable, Sociedad Financiera Popular that finances projects for entrepreneurs offering sustainability and is managing partner and founder of Valores Financieros, a company dedicated to banking systems. Ms. Armedariz Guerra has served as an international consultant in banking crises, Professor of Economics at the Instituto Tecnológico Autónomo de Mexico and author of numerous academic publications specializing in banking and macroeconomics.

Armando Garza Sada

Proprietary Independent

Mr. Garza Sada joined the Board of Directors of Grupo Financiero Banorte in July 2011. He graduated from the Massachusetts Institute of Technology (MIT) and has a Master’s degree in Administration from the Stanford Graduate School of Business. He is currently President of the Board of Directors of Alpha and serves on the boards of the following companies and institutions: Bank of Mexico Regional Council, FEMSA, Frisa, Instituto Tecnológico de Estudios Superiores de Monterrey (ITESM), Lamosa, Liverpool, Proeza, the Stanford Business School Advisory Board and is a member of the Stanford University Board of Directors.

Héctor Reyes-Retana y Dahl

Proprietary Independent

Mr. Reyes-Retana y Dahl joined Grupo Financiero Banorte’s Board of Directors in July 2011. An Industrial Engineer graduate from the Universidad Iberoamericana, he holds a Master’s degree in Business Administration (MBA) from Cornell University, New York. He serves as a consultant and Independent Board member. He is currently a member of the Board of the national savings bank national (Bansefi), and has held various positions in the public sector, the Ministry of Economy he founded the state-owned agency called “Promexico, Investment and Commerce”; he served as General Director of Banco Nacional de Comercio Exterior, S.N.C (Bancomext) and General Director of Banco Confía, as well as Director of International Operations at the Bank of Mexico (Banxico). In the private sector, he was General Manager of Grupo Financiero Mifel and Banca Mifel and served as Vice President in the Asociación de Banqueros de México (Mexican Association of Bankers), among other positions.

Juan Carlos Braniff Hierro

Proprietary Independent

Mr. Braniff Hierro joined Grupo Financiero Banorte’s Board of Directors in July 2011. He is President of the Board of Directors and General Director of Capital I, real estate investment funds; a Member of the Board of Directors of Maxcom and the Afore XXI Banorte. In Grupo Financiero BBVA Bancomer he was Vice-President of the Board, and held several executive positions: Chairman of the Board of Insurance, Annuities and Afore Bancomer and was member of the Loan, Risk and Audit Committees. He has also served as a member of the Board of Directors and committees of companies such as: Fomento Económico Mexicano (FEMSA), Coca Cola Femsa (KOF), Aeromexico, Maizoro, Hoteles Presidente Intercontinental and Paso Corp., among others.

Miguel Alemán Magnani

Proprietary Independent

Mr. Alemán Magnani joined Grupo Financiero Banorte’s Board of Directors in April 2013. He graduated in law from the Universidad Anáhuac and participated in the IPADE’s Senior Management program. He is Executive Chairman of ABC, Interjet Airlines, President of Grupo Alemán and President of the Miguel Alemán Foundation’s tourism program committee, and also serves on the Tourism Advisory Council for the Distrito Federal, on the Business Coordinating Council and the Tourism Board of Mexico. He has held various positions in Grupo Televisa, including Director of Special Affairs of the Presidency, Vice President of Corporate Image and as a Proprietary Board member of the same group.

Alejandro Burillo Azcárraga

Proprietary Independent

Mr. Burillo Azcarraga joined the Board of Directors of Grupo Financiero Banorte in April 2013. He is Chairman of the Board of Directors of Grupo Pegaso, an industrial conglomerate with presence in areas such as: technology, telecommunications, media, real estate, sports, culture and philanthropy, agro-industry, tourism and aeronautics to name a few. He has participated as majority and strategic partner in various companies and financial institutions as: Ixe Bank, Laredo National Bank, Telefonica Movistar, and the Atlante soccer club, among others. He has also participated as an independent member of the Board of Directors of Grupo Financiero BBVA Bancomer, S.A.

Juan Antonio González Moreno

Propietario

Mr. González Moreno has served on Grupo Financiero Banorte’s Board of Directors of since April 2004. He holds a degree in Business Administration from Universidad Regiomontana, and a Master’s in Business Administration from the University of San Diego California. He is Chairman of the Board of Directors and CEO of Gruma and Gimsa and has served as General Director of Gruma Asia and Oceania, Senior Vice President of special projects of Gruma Corporation. President of the Board and General Director of CarAmigo in the United States, Vice President of the Central and East regions for MissionFoods, and President and Vice President of Sales for Azteca Milling.