Friday, March 21, 2014

Federal Home Loan Bank of New York names José R. González as new president and CEO

The Federal Home Loan Bank of New York (FHLBNY) has named José R. González as president and chief executive officer of the institution, effective April 1, 2014. Current president Alfred A. DelliBovi announced his retirement, and submitted his resignation to the Board on March 20, 2014.
“From leading a local member-lender to serving as our Board’s vice chairman to his most recent role as the FHLBNY’s executive vice president, José is a proven leader at every level of community banking,” said Michael M. Horn, chairman of the Bank’s Board of Directors. “José brings a keen understanding of not only the Home Loan Bank, but also the environment in which our members operate. With José at the helm, the FHLBNY is well-positioned to achieve strong results, grow our business and continue to be a reliable partner for our region’s local lenders." The Board also expressed its gratitude to Mr. DelliBovi for his two decades with the organization. Under his watch, FHLBNY's assets increased by more than $100 billion.
“The FHLBNY plays an important role in local lending, one I have experienced from both sides," said Mr. González. "I look forward to working with the Board, our members and the talented staff at the FHLBNY to continue our mission of advancing housing opportunities.
“The FHLBNY will thrive under José’s leadership,” said Mr. DelliBovi, who joined the FHLBNY as president and chief executive officer in November 1992. “His integrity, his knowledge of the banking and regulatory environments and his deep understanding of the partnership between the Home Loan Bank and our membership will strengthen our cooperative for years to come."
Mr. González served as vice chairman of the Board of Directors of the FHLBNY from 2008 through 2013, as the chair of the Compensation and Human Resources Committee in 2008, and has served as an elected industry director since 2004. Prior to joining the FHLBNY, he served as senior executive vice president, Banking & Corporate Development for OFG Bancorp (formerly Oriental Financial Group, Inc.). Mr. González is a former member of the Board of Directors of Santander BanCorp (“Santander”), a bank holding company, since 2000. From 2002 to 2008, he was vice chairman of the Board, president and CEO of Santander. After joining Santander in 1996 as president and CEO of its securities broker dealer, Mr. González was named senior executive vice president and chief financial officer of the holding company in 2001.
Mr. González began his career in banking in the early 1980s as vice president, Investment Banking, for Credit Suisse First Boston (“CSFB”) and, from 1989 through 1995, served as president and CEO of CSFB’s Puerto Rico operations. He served as president and CEO of the Government Development Bank for Puerto Rico, a government instrumentality that acts as the Commonwealth’s fiscal agent, from 1986 to 1989. He is a past president of both the Puerto Rico Bankers Association and the Securities Industry Association of Puerto Rico. Mr. González has a B.A. in Economics from Yale University and an M.B.A. and Juris Doctor from Harvard University.


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