People: OFG Bancorp (OFG)

Summary

Name	Age	Since	Current Position
Jose Fernandez	49		Vice Chairman of the Board, President, Chief Executive Officer
Ganesh Kumar	49	2012	Chief Financial Officer, Executive Vice President
Norberto Gonzalez	54	2012	Executive Vice President, Chief Risk Officer
Jose Gonzalez	58	2010	Senior Executive Vice President - Banking & Corporate Development
Cesar Ortiz	38	2012	Senior Vice President, Chief Accounting Officer
Ramon Rosado	49		Senior Vice President, Treasurer
Rafael Martinez-Margarida		2013	Director
Juan Aguayo	49	2004	Independent Director
Pablo Altieri	69	1990	Independent Director
Francisco Arrivi	67	1998	Independent Director
Julian Inclan	65	2008	Independent Director
Pedro Morazzani	60	2006	Independent Director
Jose Rossi	54	2008	Independent Director
Steven Anreder			IR Contact Officer

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Biographies

Name	Description
Jose Fernandez	Mr. Jose Rafael Fernandez is Vice Chairman of the Board, President, Chief Executive Officer of Oriental Financial Group Inc. Since becoming CEO in 2004, Mr. Fernández has focused on developing Oriental’s commercial banking platform. This led to the acquisitions of Banco Bilbao Vizcaya Argentaria’s operations in Puerto Rico in 2012 and Eurobank in 2010, which have helped make the Company one of Puerto Rico’s banking and financial services companies today. Since joining the Company in 1991, Mr. Fernández has managed each of core businesses, including playing a role in establishing the Company’s leadership in trust and retirement services in Puerto Rico. In 2011, he was appointed as a member of the Community Depository Institutions Advisory Council established by the Federal Reserve Bank of New York to provide information and insight from the perspective of community depository institutions. Mr. Fernández holds a Bachelor of Science degree from the University of Notre Dame and a Masters of Business Administration from the University of Michigan. He is a member of the Business Advisory Board of the University of Notre Dame’s Mendoza Business School and of the Advisory Board of the Puerto Rico Conservation Trust. He also serves as Vice Chairman of the Board of Trustees of Sacred Heart University in Santurce, Puerto Rico and as a director of the Puerto Rico Museum of Art (Museo de Arte de Puerto Rico).
Ganesh Kumar	Mr. Ganesh Kumar is Chief Financial Officer, Executive Vice President of Oriental Financial Group Inc. In January 2012 was appointed to an expanded Chief Financial Officer position responsible for corporate finance, strategic planning, accounting and financial reporting, and business analytics. In addition, he will continue to manage the management business and administrative functions, such as human resources and information technology. Previously, he served as Chief Operating Officer and Chief Risk Officer. Before joining the Company in 2004, he was a director of consulting at Gartner Inc. (NYSE: IT), an industry research and advisory firm where he assisted a wide array of financial service companies develop technology-enabled strategies and operational plans to meet desired results. Prior to Gartner, he was a manager at McKesson Corporation (NYSE: MCK) from 1997 to 1999; a planning and technology architect at Intercontinental Hotels Group (NYSE: IHG) from 1995 to 1997; and a consultant to financial services clients worldwide from 1986 to 1995.
Norberto Gonzalez	Mr. Norberto Gonzalez, C.P.A., J.D., is Executive Vice President, Chief Risk Officer of Oriental Financial Group Inc. Mr. González is appointed to a new Chief Risk Officer position responsible for enterprise risk management, asset and liability management, compliance, internal audit, loan review, and loss share and regulatory relationships. Previously, he served as Chief Financial Officer. Before joining the Company in March 2003, he was Executive Vice President and Risk Management Director of Banco Bilbao Vizcaya Argentaria (BBVA) Puerto Rico, a wholly owned subsidiary of the bank. He was Senior Vice President of Credit Administration of PonceBank (a publicly held financial institution acquired by BBVA in 1998) from 1992 to 1998. He started his professional career at Peat Marwick Mitchell & Co. (now KPMG LLP), where he worked from 1980 to 1992, becoming a Senior Manager specializing in audit and consulting services to financial institutions. Mr. González graduated magna cum laude in 1980 from the University of Puerto Rico, where he obtained a bachelor’s degree in Business Administration with Accounting. In 2001, he earned a Juris Doctor from the University of Puerto Rico’s School of Law. Mr. González is a member of the Puerto Rico Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
Jose Gonzalez	Mr. Jose Ramon Gonzalez, Esq., is Senior Executive Vice President - Banking & Corporate Development of Oriental Financial Group Inc. Mr. González most recently served as a member of the Board of Directors of Santander BanCorp. (NYSE: SBP) since 2000. From 2002 to 2008 he was Vice Chairman of the Board, President and CEO of Santander BanCorp. Having joined Santander in 1996 as President and CEO of its securities broker-dealer, he was named Senior Executive Vice President and Chief Financial Officer of the holding company in 2001. Mr. González remains a member of the Board of Directors of the Federal Home Loan Bank of New York, which he joined in 2004, and its Vice Chairman since 2008. In 1983, Mr. González began his career in banking as Vice President, Investment Banking, for Credit Suisse First Boston, and later, from 1989 until 1995, as President and CEO of its Puerto Rico subsidiary. He served as President and CEO of the Government Development Bank for Puerto Rico, the Puerto Rico government’s fiscal agent, from 1986 to 1989. He received a B.A. in Economics from Yale University and an M.B.A. and Juris Doctor from Harvard University. He is a past President of the Puerto Rico Bankers Association and the Securities Industry Association of Puerto Rico.
Cesar Ortiz	Mr. Cesar A. Ortiz, C.P.A., J.D., is Senior Vice President, Chief Accounting Officer of Oriental Financial Group Inc. He was Chief Risk Officer from June 2007 through December 2009. Prior to joining the Company, he worked at Doral Financial Corporation as Chief Accounting Officer and Controller. He started his career in the financial services industry at PricewaterhouseCoopers, LLP where he attained the position of Senior Manager. Mr. Ortiz received his Bachelors Degree in Business Administration from the University of Puerto Rico in 1997 and his Juris Doctor from the Interamerican University in 2005. He is a Certified Public Accountant and is admitted to practice law in Puerto Rico. Mr. Ortiz is also a Certified Management Accountant, Certified Financial Manager and Certified Bank Auditor.
Ramon Rosado	Mr. Ramon Rosado, Esq., is Senior Vice President and Treasurer of Oriental Financial Group Inc. Mr. Rosado has 20 years of experience in bank treasury and investment portfolio management. Prior to joining the Company in October 2010, he was the Treasurer and Chief Investment Officer of Westernbank Puerto Rico, and before that, he was Executive Vice President and Treasurer of Banco Bilbao Vizcaya Argentaria Puerto Rico. He served as a member of the Executive Committees and Asset and Liability Management Committees of both banks. Mr. Rosado has a B.S. in Finance from Georgetown University, an M.B.A. in International Business from George Washington University, and a Juris Doctor from the University of Puerto Rico. He is admitted to practice law in Puerto Rico.
Rafael Martinez-Margarida	Mr. Rafael Martinez-Margarida has been appointed as Director of OFG Bancorp., effective April 24, 2013. Mr. Martínez-Margarida, a certified public accountant with over 40 years experience and former Managing Partner of PricewaterhouseCoopers LLP, San Juan, Puerto Rico.
Juan Aguayo	Mr. Juan Carlos Aguayo, P.E., M.S.C.E., is Independent Director of Oriental Financial Group Inc. Mr. Aguayo has been a director of the Company since 2004 (including terms as a director of Oriental Bank and Trust) and is the Chairman of its Corporate Governance and Nominating Committee and a member of the Audit and Compliance Committee. He is President and Chief Executive Officer of DBM Group, LLC since 2010, a design-build-maintenance fully integrated service company for the delivery of institutional and industrial capital projects in Puerto Rico. He has served as the President and Chief Executive Officer of Structural Steel Works, Inc., Bayamón, Puerto Rico, a specialty construction company, since 2002, where he previously served as Executive Vice President and Chief Operating Officer. He is also President and CEO of Structural Steel Manufacturing, Inc., a fabricator of steel buildings and bridges since 1987, and of SSW Realty, Inc., an industrial real estate investment company, since 2002. Prior to his tenure at SSW Realty, Mr. Aguayo worked as Director of Construction & Development of Development Company of the Americas LLC, Denver, Colorado, in charge of their projects portfolio in Mexico. He has also served on the Boards of Directors of several non-profit organizations, including the Board of Directors of the Associated General Contractors of America, Puerto Rico Chapter (1997 and 2003), and the Board of Trustees of the Sacred Heart University, San Juan, Puerto Rico (2006 to 2011).
Pablo Altieri	Dr. Pablo I. Altieri, M.D., is Independent Director of Oriental Financial Group Inc. Dr. Altieri has been a director of the Company since 1990 (including terms as a director of Oriental Bank and Trust) and is a member of its Corporate Governance and Nominating Committee. He is a cardiologist and a Professor of Medicine and Physiology at the University of Puerto Rico, School of Medicine. Dr. Altieri is a member of the Board of Directors of TUTV (PR Broadcasting Studios), and Director of the Board of Catastrophic Fund of Puerto Rico. He is also a member of the American Heart Association, American College of Cardiology, European Society of Cardiology, American Federation of Clinical Research, Muscle Society, and American Electrophysiology Society.
Francisco Arrivi	Mr. Francisco J. Arrivi is Independent Director of Oriental Financial Group Inc. Mr. Arriví has been a director of the Company since 1998 (including terms as a director of Oriental Bank and Trust) and is a member of its Audit and Compliance Committee and Compensation Committee. Mr. Arriví has been the President and Chief Executive Officer of Pulte International Caribbean LP, San Juan, Puerto Rico, a subsidiary of PulteGroup, Inc. (a publicly traded company), since March 1999. He was the President and Chief Executive Officer and a director of Interstate General Properties, LP, S. E., San Juan, Puerto Rico, a subsidiary of Interstate General Company, LP, a publicly traded company, after having served as the Vice President and Chief Financial Officer from 1990 to 1995. Mr. Arriví was also Vice President and Manager of the Real Estate Department of The Chase Manhattan Bank, N. A., San Juan, Puerto Rico, from 1985 to 1990. He served as a Director of American Communities Property Trust, San Juan, Puerto Rico, a publicly traded company, from 1998 to 1999. From August 2000 to May 2001, he served as a director of the Puerto Rico Aqueduct and Sewer Authority (a Puerto Rico government instrumentality). He has served as a director of the Museo de Las Américas (a non-profit art museum in San Juan, Puerto Rico) since 2005. He is also a former director of the Puerto Rico Convention Center District Authority (a Puerto Rico government instrumentality).
Julian Inclan	Mr. Julian S. Inclan is Independent Director of Oriental Financial Group Inc. Mr. Inclán has been a director of the Company since August 2008 (including terms as a director of Oriental Bank and Trust) and is the Chairman of its Compensation Committee. He previously served as a director of the Company from 1995 to 2006. He has been the President of American Paper Corporation, San Juan, Puerto Rico, a distributor of papers, office supplies and graphic art supplies, since September 1994. Mr. Inclán has served as Managing General Partner of Calibre, S. E., a real estate investment company, since 1991, and as President of Inclán Realty, San Juan, Puerto Rico, a real estate development company, since 1995. He is also the Managing Partner of Hamlet Associates, San Juan, Puerto Rico, a real estate development company since 1999. He holds a Masters in Business Administration with a concentration in Finance and Economics from Columbia University, New York, NY.
Pedro Morazzani	Mr. Pedro Morazzani, C.P.A., C.V.A., C.F.E., is Independent Director of Oriental Financial Group Inc. Mr. Morazzani has been a director of the Company since 2006 (including terms as a director of Oriental Bank and Trust), and is the Chairman of its Audit and Compliance Committee. Mr. Morazzani is a Certified Public Accountant, Certified Valuation Analyst and Certified Fraud Examiner. He is a partner of the accounting firm Zayas, Morazzani & Co., San Juan, Puerto Rico. Mr. Morazzani is also the President of the Puerto Rico Chapter of the National Association of Certified Valuation Analysts. Previously, he was a Senior Manager at Peat, Marwick, Mitchell & Co. (presently known as KPMG LLP) in San Juan, Puerto Rico. He also served as the President of the Peer Review Committee of the Puerto Rico Society of Certified Public Accountants. He is active in providing litigation support, consulting, forensic, and business valuation services. As such, he has been designated by courts to serve as a commissioner and as a designated valuator. Throughout the years, he has been involved in providing specialized services, such as forensic analysis, to the Puerto Rico and United States governments, including the Office of the Commissioner of Financial Institutions of Puerto Rico and the U.S. Marshals Service. Mr. Morazzani has been an instructor at various seminars on technical matters, including business valuations of private businesses, fraud, litigation support, and audit and accounting matters.
Jose Rossi	Mr. Jose E. Rossi is Independent Director of Oriental Financial Group Inc. Mr. Rossi has been a director of the Company since August 2008 (including a term as a director of Oriental Bank and Trust) and is the Vice Chairman of the Corporate Governance and Nominating Committee. He is the Chairman of the Board of Directors and majority owner of Aireko, a multi-enterprise construction group doing business in Puerto Rico and the Caribbean since 1963. Mr. Rossi has managed civil, institutional and industrial jobs for Aireko since 1980. He has also directed the development of Aireko’s computerized estimating, cost control, and management systems. Today, he chairs the boards of three construction services companies in Puerto Rico and one in Florida. Mr. Rossi is also an officer of a metal products manufacturer and has been actively involved as an officer or director in several community and industry associations locally and abroad such as the Puerto Rico Manufacturer’s Association, the Aireko Foundation, the Associated General Contractors (Puerto Rico chapter), the Construction Cluster of Puerto Rico, and the Young Presidents Organization (Puerto Rico chapter). He is the former chair of the Puerto Rico Manufacturer’s Association, where he also previously served as vice president and director.
Steven Anreder

Basic Compensation

Name	Fiscal Year Total
Jose Fernandez	1,630,070
Ganesh Kumar	793,825
Norberto Gonzalez	750,061
Jose Gonzalez	946,507
Cesar Ortiz	343,633
Ramon Rosado	345,757
Rafael Martinez-Margarida	--
Juan Aguayo	--
Pablo Altieri	--
Francisco Arrivi	--
Julian Inclan	--
Pedro Morazzani	--
Jose Rossi	--
Steven Anreder	--

As Of 30 Dec 2012

Options Compensation

Name	Options	Value
Jose Fernandez	244,278	616,249
Ganesh Kumar	62,000	19,000
Norberto Gonzalez	31,860	158,443
Jose Gonzalez	0	0
Cesar Ortiz	0	0
Ramon Rosado	0	0
Rafael Martinez-Margarida	0	0
Juan Aguayo	0	0
Pablo Altieri	0	0
Francisco Arrivi	0	0
Julian Inclan	0	0
Pedro Morazzani	0	0
Jose Rossi	0	0
Steven Anreder	0	0

Insider Trading

Name	Shares Traded	Price
GONZALEZ NORBERTO	400	$8.28
ALTIERI PABLO IVAN	2,500	$0.00
ORTIZ CESAR A	600	$0.00
INCLAN JULIAN S	2,500	$0.00
ARRIVI FRANCISCO J	2,500	$0.00
MORAZZANI PEDRO	3,500	$0.00
AGUAYO JUAN CARLOS	3,500	$0.00
ROSSI JOSEN	2,500	$0.00
FERNANDEZ JOSE RAFAEL	3,500	$0.00
SOUFFRONT CARLOS O	1,100	$0.00
GONZALEZ NORBERTO	1,100	$0.00
KUMAR GANESH	1,100	$0.00
INCLAN JULIAN S	2,500	$12.90
INCLAN JULIAN S	2,500	$12.95
KUMAR GANESH	2,645	$12.37
FERNANDEZ JOSE RAFAEL	1,000	$11.75
FERNANDEZ JOSE RAFAEL	1,500	$11.69
FERNANDEZ JOSE RAFAEL	500	$11.74
FERNANDEZ JOSE RAFAEL	1,100	$11.75
FERNANDEZ JOSE RAFAEL	700	$11.72
FERNANDEZ JOSE RAFAEL	1,100	$11.74
FERNANDEZ JOSE RAFAEL	100	$11.73
FERNANDEZ JOSE RAFAEL	1,000	$11.45
FERNANDEZ JOSE RAFAEL	500	$11.42
FERNANDEZ JOSE RAFAEL	500	$11.62

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People: OFG Bancorp (OFG)

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Summary

Biographies

Basic Compensation

Options Compensation

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