BIOGRAPHY

Federico Valenzuela Ochoa has been treasury corporate executive director of Afirme Financial Group since 2008. He has enjoyed a varied and enormously successful business career; previous positions include treasury and private banking associate general director at Banco Regional de Monterrey and general director at Banco Mercantil del Norte.

Mr. Valenzuela has also been counselor at Bolsa Mexicana de Valores, S.D. Indeval, and several companies within Banorte Financial Group. He was president of Comisión Financiera Bursátil del Colegio de Contadores de México and Vice President of Comité de Administración de la Asociación Mexicana de Intermediarios Bursátiles.

AFIRME FINANCIAL GROUP

Afirme Financial Group, which is affiliated with Consorcio Villacero, is engaged in banking, insurance, warehousing, leasing, and investment funds, as well as pension funds. The company has 92 branches, with its main presence in Monterrey, Michoacán, and Mexico City.