Puerto Rican banking veteran González to head FHLBNY
The Federal Home Loan Bank of New York announced Thursday that José R. González has been named president and chief executive officer of the FHLBNY effective April 1, 2014. He will succeed current president Alfred A. DelliBovi, who will retire after 21 years at the agency.
“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,” he said.
No newcomer to the FHLBNY, González served as vice chairman of the Board of Directors 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 Puerto Rico’s OFG Bancorp. González is a former member of the Board of Directors of Santander BanCorp 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, González was named senior executive vice president and chief financial officer of the holding company in 2001.
“I am honored to have the trust of the Board, and excited to take on this new responsibility,” said González. “The FHLBNY plays an important role in local lending, one I have experienced from both sides.”
“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. I am especially honored to assume the position of president of the FHLBNY because of the legacy of my predecessor, Al DelliBovi,” González said.
“Over the past 21 years, Al has led a team that has grown our advances tenfold, increased our assets by more than $100 billion, and developed community-focused housing initiatives that have created homes for thousands of families. He is a true community banker, and the FHLBNY is all the stronger for his leadership,” he added.
González began his career in banking in the early 1980s as vice president, Investment Banking, for Credit Suisse First Boston and, from 1989 through 1995, served as president and CEO of CSFB’s Puerto Rico operations.
His vast experience also includes the public sector, serving as president and CEO of the Government Development Bank for Puerto Rico from 1986 to 1989.
He is a past president of both the Puerto Rico Bankers Association and the Securities Industry Association of Puerto Rico. González has a B.A. in Economics from Yale University and an M.B.A. and Juris Doctor from Harvard University.