Oriental Financial Group Inc. Announces Executive Changes , Effective February 1, 2012
January 27, 2012 at 03:00 pm
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Oriental Financial Group Inc. announced the appointments of Norberto Gonzalez, currently Executive Vice President and Chief Financial Officer, and Ganesh Kumar, currently Executive Vice President and Chief Operating Officer, to new and expanded senior executive positions. The appointments are both effective February 1, 2012. Mr. Gonzalez has been named as Executive Vice President and Chief Risk Officer, a new position, where he assumes all responsibility for enterprise risk management, asset and liability management, compliance, internal audit, loan review, loss-share and regulatory relationships. Having joined Oriental in 2003, Mr. Gonzalez, 53, a CPA, has been the company's Chief Financial Officer since 2006. Mr. Kumar was named to an expanded Executive Vice President and Chief Financial Officer position, which includes corporate finance, strategic planning, accounting and reporting, and business analytics. In addition, Mr. Kumar will continue to manage the wealth management business and administrative functions, such as human relations and information technology. Mr. Kumar, 48, who joined Oriental in 2004, has been Chief Operating Officer since 2009.
OFG Bancorp is a financial holding company. The Company is engaged in providing banking and financial services through its subsidiaries. The Company operates through three segments: Banking, Wealth Management and Treasury. The Company provides banking and financial services to its clients through a range of banking and financial solutions, including commercial, consumer, auto, and mortgage lending; checking and savings accounts; financial planning, insurance, financial service, and investment brokerage, and corporate and individual trust and retirement services. The Company provides these services through various subsidiaries, including a commercial bank, Oriental Bank; a securities broker-dealer, Oriental Financial Services Corp. (Oriental Financial Services); an insurance agency, Oriental Insurance, LLC (Oriental Insurance), and a retirement plan administrator, Oriental Pension Consultants, Inc. (OPC).