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Raúl Zepeda
Senior Partner

Raúl Zepeda

Head of Banking and Finance

Languages
  • Spanish
  • English
Social media

Raúl is a seasoned banking and finance practitioner with more than 25 years of experience, including having served as General Counsel at Banco Inbursa and other major corporate entities. He currently heads the Banking & Finance practice, bringing a deep understanding of corporate finance, capital markets, and regulatory matters, with a proven ability to lead complex, high stakes transactions across multiple sectors. 

His track record includes advising on landmark transactions such as Grupo Carso’s partnership with CFE, AT&T’s acquisition of shares in América Móvil, and the USD $2.4 billion sale of Inbursa’s equity stake to La Caixa. 

He has been highly active in major domestic and cross border banking transactions, including leading what is considered one of the largest cross border credits granted to a Mexican entity in recent years: the representation of a syndicate of Mexican development banks Banobras, Bancomext, and Nafin together with 13 commercial banks, in connection with the structuring and execution of a USD $14.9 billion syndicated credit facility with an eight year tenor.

Additionally, he advised Mota‑Engil México on the financing and development of major petrochemical projects with Pemex, including the design, construction, operation, and maintenance of a urea production plant in Escolín under a long‑term BOT/tolling project finance model, as well as a separate ammonia project in Cosoleacaque, for an aggregate amount of approximately USD 1.605 billion.

Relevant experience

  • Assisted a pool of shareholders of Unión de Crédito Progreso, A.A. de C.v. in the acquisition of Bankaool, S.a. de Banca Múltiple.
  • Currenlty assisting Operadora de Pagos Moviles, S.A. de C.V. (Transfer) to put in place its operations in Mexico as a Mobile Devices Clearing House (Cámara de Compensación de Transferencias a Través de Dispositivos Móviles) under regulation 3/2013 issued by the Central Bank of Mexico (Banco de México).
  • Assisting Tu Dinero Digital, S.A. de C.V. to get the authorization from the National Banking and Securities Commission (CNBV) to operate as an electronic payment institution (Wallet) under the Law to Regulate Financial Technology Institutions (Fintech Law). He assists Scotiabank Inverlat, S.A. Institución de Banca Múltiple, on a regular basis, on financial regulatory issues related to internal policies, customer contracts and product development, as well as compliance with framework conditions (i.e due diligence of loan agreements, trust agreements, pledge agreements, and other financial documents executed on a day-to day basis with Scotibank´s custormers).

Awards & Rankings

  • The Legal 500, Latin America, Banking and Finance, Recommended Lawyer, 2023.
  • Leaders League, Mexico, Banking & Finance, Recommended, 2023

Education

  • Universidad Nacional Autónoma de México, Law Degree (J.D), Mexico City, 1995.

Further reading

  • Antitrust law and legislation in Mexico during Covid-19

Insights by Raúl

Reformas importantes a la Ley Federal de Competencia Económica, publicadas hoy por la presidenta Claudia Sheinbaum. Desaparece la Comisión Federal de Competencia Económica y se crea la Comisión Nacional Antimonopolios

16 Jul 2025 8 min read

Declaración Informativa sobre Inmuebles Habitacionales en la Ciudad de México

04 Mar 2025 1 min read

Reforma a los principios de propiedad en la Ciudad de México

04 Sep 2024 2 min read

CMS Expert Guide to fintech in Latin America

07 Apr 2021 1 min read
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