BANORTE Securities International Ltd. sees leadership shift as Farrokh Mehrban Firozgary departs and Juan Fernando Valdivieso takes over compliance. Firozgary, who served as Chief Compliance Officer, has left the firm. His tenure was marked by a focus on regulatory adherence and risk management.

Meanwhile, Valdivieso transitions from his role as Chief Compliance Officer for the RIA affiliate to assume the broader CCO responsibilities at BANORTE Securities International Ltd. Headquartered in Houston, Texas, BANORTE Securities International Ltd. is a small corporation founded in 1992 and regulated by the SEC. The firm operates under various names, including AFIN Securities International, Ltd., Banorte-Ixe Securities International, Ltd., and Banorte Wealth Management.

BANORTE Securities International Ltd. acts as an introducing broker, working with Pershing LLC for clearing services. It holds MPID BISI and engages in a range of activities, such as retailing corporate equity securities, mutual fund sales, municipal securities trading, and private placements. As of the latest financial snapshot, the firm reported total assets of $150 million, marking a 12% increase from the previous year.

Source: FINRA BrokerCheck records and SEC FOCUS filings.