New CEO for NY Home Loan BankBanker Resource
September 25, 2013 — 1,379 views
The Federal Home Loan Bank in New York City has made it clear that they are looking forward to grooming their next CEO, Jose Ramon Gonzalez. The Federal Home Loan Bank is one of the top home loan banks in the state as well as the country and boasts a great record with regard to customer satisfaction and versatility. Their operations in the mortgage lending sphere is one that is flexible for its customers. This government owned bank has decided to put its faith in Gonzalez as they are looking for substantial growth and sustainability in the coming fiscal quarters.
About the Federal Home Loan Bank of New York
The Federal Home Loan Bank of New York is a wholesale, chartered bank. This bank plays a vital role in the country's Home loan Bank system which has a network that comprises of 12 regional, stockholder - owned banks. The reason why this bank is so pivotal in the Home Loan banking system is because it provides service to over 330 financial institutions in places like New York, New Jersey, the US Virgin Islands and Puerto Rico. The Bank's main mission is to ensure that it supports the efforts of the local members in order to help provide quality financial aid to U.S. home-buyers.
About the New CEO
The Federal Home Loan Bank has decided to bring in a new CEO in order to manage the operations of the bank and lead it forward to growth and sustainability. They believe that the Puerto Rican businessman, Jose Ramon Gonzalez, who is currently the Senior Vice President of the OFG (Oriental Financial Group) and the former CEO of Puerto Rico's Santander division which is the second largest financial institution in the US territory would be able to make a difference
He began his career way back in the 1980s where we has the vice president of the Investment Bank division for Credit Suisse First Boston (CSFB). He was also the CEO and president of CSFB's operations in Puerto Rico and the CEO of the Government Development Bank for the US territory, which is the Commonwealth's fiscal agent. Mr. Gonzalez was also the president of the Securities Industry Association and Bankers Association of Puerto Rico which makes him the most qualified person for the job. Mr. Gonzalez had served a five year tenure with the Federal Home Loan Bank as the vice chairman of the Board between 2008 and 2013. He began his tenure as the chair of the Compensation and Human Resources Committee and then moved one to being the elected industry director 2004 onwards.
The Chairman of the Board of Directors, Michael M Horn, has stated that he is happy to have Jose join the bank as he brings with him years of experience in the financial services and home loan industry. His expertise in market risk, operational risk, credit and liquidity policies will greatly benefit the Home Loan Bank. His experience and skills are what will help the bank build upon its strong member-lender cooperative.