Monex topped Mexico’s distributor ranking in terms of sales for the seventh consecutive year. The company is behind half of the products sold in the South American country.
The bank has won the ‘Best Distributor, Mexico’ for this year’s SRP Americas awards. SRP used structured products data with strike dates between March 1 2018 and February 28 2019 to derive the results. Monex was the distributor of over 3,500 products last year that raised a sales volume of MXN104.5 billion (US$5.5 billion). This is more than the double raised by the second largest distributor, BBVA Bancomer. The Mexican bank has been increasing its market share since 2012 and
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