- CFO tapped to lead electronic money transfer business
- Garza Hagan is taking over as CEO following the departure of Moises Jaimes and will report to new BTS Chairman Gabriel Palafox
- Garza Hagan will lead the international money transfer services business from Houston
Bancomer Transfer Services, the global money transfer services unit that is a part of BBVA's U.S. operations, announced this week that Aurora Garza Hagan has been named its new chief executive officer.
Garza Hagan rose up through the ranks at BTS, which currently handles $10 billion out of the $60 billion in funds sent each year to Latin America, the largest remittances corridor in the world. She started in 2001 as a senior accounting analyst and has held various leadership positions, most recently as chief financial officer overseeing all aspects of finance, accounting, treasury management, legal and risk. Before joining BTS, Garza Hagan held senior auditor positions at Ernst & Young and Continental Airlines.
"Aurora brings years of experience to this position," said BBVA U.S. Country Manager and BBVA Compass Chairman and CEO Manolo Sanchez, who oversees all of BBVA's U.S. operations, including BTS. "She has a broad view of how to drive our organization, and an excellent command of the level of risk and control required to run this type of business."
Garza Hagan is taking over as CEO following the departure of Moises Jaimes. She will report to new BTS Chairman Gabriel Palafox. Her appointment is effective immediately and she will be based in Houston.
A graduate of The University of Texas at Austin, Garza Hagan earned a bachelor's degree in business administration and is also a certified public accountant in the state of Texas