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Banking Financial District

Ex Puerto Rico Treasury Sec. Méndez to head Doral’s retail, mortgage banking

Jesús Méndez

Doral Bank President Glen Wakeman today announced the appointment of Jesús Méndez as executive vice president of operations of the bank’s retail and mortgage banking operations in Puerto Rico.

The appointment comes less than a week after Méndez stepped down from his post in government. The position he now occupies is aligned to Doral Bank’s strategic plan and responds to the institution’s growth under Wakeman’s leadership, which aims to maximize growth opportunities in various markets.

“Jesús is a professional with more than 30 years of experience in the financial industry.  We are delighted to have him on board to help us create innovative strategies that will contribute to Doral Bank’s growth and to better serve our customers,” Wakeman said.

Doral Bank has operations in Puerto Rico, Florida and New York.

“We have a great brand; in the mortgage area we touch one third of Puerto Rico’s families, which provides us with a great opportunity to continue our growth in other areas,” he said, adding that during this year, Doral’s mortgage volumes have experienced a 50 percent growth compared to 2011, representing its highest mortgage volume in the past five years.

Méndez has more than 30 years of experience in the financial industry, having served in the financial sector in Santander Securities, Popular Securities and First Boston, as auditor at Deloitte and Touche, and in the public sector at the Government Development Bank and the Public Buildings’ Authority, and more recently as Puerto Rico’s Treasury Secretary. Méndez is a Certified Public Accountant and has a B.A. in Business Administration from the University of Puerto Rico.

“I want to thank Glen Wakeman for this opportunity and for the confidence that he has placed in me. When I think of Doral, I think of a great brand, a leading mortgage company, a company committed to the community, in good people striving to offer the best service to their clients,” said Méndez.

“Doral has been a pioneer in many initiatives, including loss mitigation initiatives, when the market did not have any options, offering thousands of people to keep their homes.  I am very happy to start this new opportunity,” the executive added.

Author Details
Author Details
Business reporter with 30 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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