Mexico's trust market is one of the largest and most sophisticated in the region. Today it manages close to USD 750 billion750 billion, managed by more than 30 financial institutions -from banks to brokerage firms- and has become a fundamental pillar for asset management, wealth protection and long-term investments.

Regulated by the General Law of Credit Instruments and Operationsand Operations, the Law of Credit Institutions and under the direct supervision of the CNBVunder the direct supervision of the CNBV, trusts offer a solid and secure framework for both individuals and companies. Their uses are broad: from managing real estate assets and projects, to succession planning or investing in specific assets with full transparency.

How do they work?

Every trust is built on three essential actors:

• Trustor: The person who contributes the assets or resources.
• Trustee: the institution that professionally manages these assets.
• Beneficiaries: Those who receive the benefits as agreed.

This structure allows for professional management, clear rules and a real separation of assets, which reduces risks and offers greater control.

Why invest through trusts?

• Protection of the assets: The trust assets remain legally separate from the personal assets of the contributor and the trustee. This means protection against liens, lawsuits or debts.
• Strict supervision: The CNBV requires high standards of transparency, auditing and diligence. Fiduciary institutions are legally liable for any negligence.
• Professional management and clear rules: The trustee must follow the contract to the letter: how to invest, how to distribute profits and how to manage the resources. This provides visibility, order and peace of mind.
• Key planning tool: In addition to security, trusts facilitate financial planning, succession planning and access to diversified investments with expert management.

The major players in the trust market in Mexico

The 10 trusts with the largest assets under management in Mexico in 2025 are:

1. CIBanco, with approximately USD 165 billion in trusts under management, was the largest trustee in the country before recent regulatory challenges.
2. Banco Invex manages close to USD 65 billion, making it the second largest fiduciary.
3. Banco Inbursa, with a 9.31% market share in trusts, equivalent to more than USD 55 billion under management.
4. Actinver Bank, which controls approximately 8.22% of the trust market, with assets also in the order of USD 50 billion.
5. Citi Mexico, with about 7.7% of the trust market.

Further behind are (6) BBVA Mexico, one of the important trust institutions, with a smaller but significant participation, followed by (7) Banorte, (8) Banco Azteca, and (9) Monex, which completes the list of the main trusts by volume of assets under management.

The brokerage segment is led by (10) GBM, which manages more than USD 5 billion in trusts, together with other brokerage firms such as Actinver and Altor Casa de Bolsa.

In conclusion, trusts in Mexico combine legal security, strict supervision and professional management. They are a reliable tool to protect assets, invest with structure and facilitate complex financial processes for both individuals and companies.

At Fynsa, we have been investing and managing assets in Mexico through trusts for more than two years, especially in automotive financing and solutions to boost Mexican SMEs.

Cristián Rodríguez

Country Head Mexico