Richard Carrión
| Richard Carrión | |
|---|---|
| Born |
November 26, 1952 San Juan, Puerto Rico |
| Alma mater | MIT Sloan School of Management |
| Occupation | Chairman, President and CEO, Popular, Inc. |
| Children | 5 |
| Website | Banco Popular Website |
Richard L. Carrión Rexach (born November 26, 1952) is the current Chairman and CEO of Popular, Inc., parent company of Banco Popular de Puerto Rico, Banco Popular North America and E-Loan.
Carrión was born and raised in Puerto Rico. His grandfather was one of the founders of Popular, Inc. (BPPR). He received a bachelor's degree from the Wharton School of Finance and Commerce in 1974 and an MS in Management Information Systems from the MIT Sloan School of Management in 1976. After the master's degree, Mr. Carrión joined Banco Popular in 1976. After his father's death, Carrión became the leader of that banking corporation.
Richard L. Carrión is the Chief Executive Officer and Chairman of the Board of Popular, Inc., a publicly traded financial holding company with more than $45 billion in consolidated assets. Today, Banco Popular, a wholly owned subsidiary of Popular, Inc., is Puerto Rico's leading depository institution, the largest Hispanic-owned bank in North America, and one of the 30 most important financial institutions in the Americas. As CEO, Carrión has led the way through numerous innovations in the company such as its expansion through the Caribbean, Latin America and the United States.
While Mr. Carrión was President of Banco Popular, Popular completed the acquisition of various financial institutions, including Banco de Ponce, Banco Roig, Seminole Bank, First State Bank of Southern California, Gore Bronson Bancorp in Chicago and Aurora National Bank. At the time of the acquisition, Banco de Ponce was the second largest bank in Puerto Rico. Recently, he also headed Popular’s recent acquisition of Quaker City, a savings and loan holding company for Quaker City Bank, based in Whittier, California, and Kislak National Bank, a Florida-based commercial bank.
In the information technology arena, Carrión’s vision brought the first network of ATMs to Puerto Rico and many other Latin American countries, and also spearheaded the successful migration from paper to electronic transactions. In 1999, after the acquisition of GM Group, Inc., the largest data processing center in the Caribbean, Popular consolidated its leadership role in the technological arena, thus creating EVERTEC, a new leader in information technology.
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