Plata enhances corporate governance with former SEC commissioner and Deputy Secretary of State as independent directors

Plata, the technology-focused financial holding company behind Banco Plata in Mexico, has bolstered its corporate governance structure with the appointment of two independent directors to its holding company's board. Michael S. Piwowar, former commissioner of the U.S. Securities and Exchange Commission (SEC), and John J. Sullivan, former U.S. Deputy Secretary of State, will bring significant experience in financial markets, regulatory affairs, and international relations.

This strategic move aims to enhance Plata's expertise in crucial areas as it pursues regional growth and institutional consolidation. The company highlighted that the addition of Piwowar and Sullivan brings valuable experience in financial markets, securities regulation, international legal matters, and national security to its leadership table.

Banco Plata, described as Latin America's fastest-growing financial institution and largest private digital bank by customer volume, commenced banking operations in Mexico in March 2026 and received authorization to operate in Colombia in July of the same year. Neri Tollardo, CEO of Banco Plata, emphasized that the experience of the new directors will be instrumental in developing operations in both Mexico and Colombia.

"We currently serve 4 million active clients, have over 5,000 employees, and are backed by top-tier international investors. Since our inception, we have sought to grow with discipline, strengthen our processes, and operate under solid regulatory standards," Tollardo stated regarding the board appointments. Piwowar, currently the Executive Director of Georgetown University's Psaros Center for Financial Markets and Policy, expressed his commitment to contributing to Plata's new phase, noting the company's clear dedication to orderly growth and regulatory compliance.

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He dedicado mi carrera a la regulación y al fortalecimiento de los mercados financieros. Plata ha demostrado un compromiso claro con el crecimiento ordenado y el cumplimiento regulatorio mientras desarrolla sus operaciones en distintos países