In Memoriam: Jaime Ruiz Sacristán, Chairman, Bolsa Mexicana de Valores

By: José-Oriol Bosch Par, Chief Executive Officer, Bolsa Mexicana de Valores (BMV) Apr 2020

From José-Oriol Bosch Par, Chief Executive Officer, Bolsa Mexicana de Valores (BMV)

On Sunday 12 April 2020, with all the pain and sadness that this implies, I received and shared with clients, colleagues and friends, the painful news about the death of our Chairman, Jaime Ruiz Sacristán, from Covid-19 related illness.

Jaime was born in Mexico City, in October 1949. From his youth, he manifested a great ability and interest in financial and economic matters, which is the reason why he did the degree in Business Administration in one of the top universities in the country, Universidad Anahuac.

Later on, he studied at the Northwestern University, in Evanston, Illinois, where he obtained an MBA.

His influence and leadership in the financial development of Mexico dates back to the early 1990s, when he worked as CEO of Grupo Financiero Bital until HSBC bought the company in 2003. The same year, he founded and became Chairman of its own Financial Group, Banco Ve por Más.

I was fortunate enough to know Jaime very well, since 2007, when he was appointed Vice President of the Mexican Banking Association, and four years later, in 2011, he was named Chairman of the Association, a position that he held until 2013.

From 2007 to 2014, I was responsible for the financial markets committee of said association; reporting to and learning from him, and always admiring his commitment, dedication and professionalism.

In 2015, he was named Chairman of Bolsa Mexicana de Valores (BMV), and so the Mexican exchange markets were, without a doubt, in the best hands.

On the same date, I had the opportunity to join Bolsa Mexicana de Valores as its CEO, and the honor of working with Jaime in the challenge of promoting the development of the stock market, thus supporting the growth of Mexico.

During all this time, I was always impressed and inspired by his honesty, his true vocation, and the love he felt for his family, his work and also for his country, Mexico.

Sadly, we lost a great Chairman, but what really hurts right now, is having lost a great person and above all, one of the most valuable things in life, a great friend.

I am sure we will really miss Jaime's presence; however, I know that he would have wanted BMV to continue with the commitment and dedication of all its collaborators, always seeking excellence and the fulfillment of our corporate objectives, goals and values.

I share the sentiments of his beloved wife, Maribel, his daughters, brothers, relatives and friends.

I will always remember and thank you, my good friend...

José-Oriol Bosch Par
Chief Executive Officer
Bolsa Mexicana de Valores (BMV)