Popular, Inc. Appoints Carlos J. Vázquez President of Banco Popular North America
September 21 2010 - 4:01PM
Business Wire
Popular, Inc. (NASDAQ: BPOP) announced today the appointment of
Carlos J. Vázquez as President of Banco Popular North America
(BPNA), Popular’s U.S. mainland banking business. BPNA operates 97
branches across Southern California, Florida, Illinois, New Jersey
and New York.
Vázquez has served since 2004 as head of the Consumer Lending
Group at Banco Popular de Puerto Rico (BPPR), including the bank’s
mortgage operations, and has been with Popular since 1997. In
February 2010, he was also appointed to lead the Retail Banking
Operations in the U.S. mainland. Vázquez is a member of the
Corporation’s Credit Strategy and Asset and Liability Management
Committees.
“We continue to take steps toward returning our U.S. operations
to profitability with a branch-based model focused on strong
relationships with clients and the communities we serve,” said
Richard L. Carrión, Chairman and CEO of Popular. “Carlos has long
been a valued member of our senior management team. He has a lot of
banking experience and has quickly developed a solid relationship
with our U.S. regions.”
Prior to joining Banco Popular, Vázquez spent 15 years at J.P.
Morgan & Co. Inc. where he held various banking and capital
markets positions, ending his career there as Regional Manager for
Colombia, Venezuela, Central America and the Caribbean.
“I am fully committed to realizing BPNA’s value to Popular. With
the sustained dedication of our colleagues in BPNA and the support
of BPPR, we plan to continue to build lasting and mutually
beneficial relationships in all our communities,” said Vázquez.
Gilberto Monzón, who is currently presiding over the Puerto Rico
mortgage operations, will replace Vázquez as head of the Consumer
Lending Group at Banco Popular de Puerto Rico.
Founded in 1893, Popular, Inc. is the
leading banking institution by both assets and deposits in Puerto
Rico and ranks 33rd by assets among U.S. banks. In the United
States, Popular has established a community-banking franchise
providing a broad range of financial services and products with
branches in New York, New Jersey, Illinois, Florida and
California.
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