Patricia Armendáriz has been Proprietary Independent Director at Grupo FinancieroBanorte, S.A.B. de C.V. since April 2009. She is Chief Executive Officer and main shareholder at FinancieraSustentable, a financial institution devoted to empower micro-entrepeneurs thru financial services. She was advisor to the minister of Finance and Public Credit (Secretaria de Hacienda y CréditoPúblico), a position in which she coordinated the negotiation on financial services of the North American Free Trade Agreement (NAFTA). Later on she was Vice President of Supervision at the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores), handling the restructuring of the Mexican Banking System due to the 1994 banking crisis. Later on se served as Associated Director of the Bank for International Settlements in charge of analyzing the impact of Basel II in emerging markets. She has been international advisor in banking crises, Economics professor at Instituto Tecnologico Autonomo de Mexico (ITAM) and author of several academic and specialized publications in Banking and Macroeconomics. She is an Actuary Mathematician of the Universidad Nacional Autonoma de Mexico (UNAM) and holds a Master in Economics from the same institution, as well as a Ph.D. in Economics from Columbia University. She has two daughters.