Person Details

José Rafael Fernández

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José Rafael Fernández, PRESIDENT, CEO, VICE CHAIRMAN
José R. Fernández is President, Chief Executive Officer, and Vice Chairman of the Board of Directors of OFG Bancorp and its primary subsidiary, Oriental Bank. He also is Chairman of the Board of Directors of OFG’s other major subsidiaries – Oriental Financial Services, Oriental Insurance and Oriental Pension Consultants. From 1991, when he joined Oriental, until 2004, when he was named CEO, Mr. Fernández managed all of the company’s core businesses.

Since heading up OFG, Mr. Fernández has significantly expanded Oriental’s stature and capabilities through organic growth and three major acquisitions: Puerto Rico’s Eurobank in 2010, BBVA’s Puerto Rico operations in 2013, and Scotiabank’s Puerto Rico and US Virgin Islands operations in 2019. Starting as the 9th largest bank in 2004, Oriental has become the challenger institution, rising to No. 2 and 3 market shares in retail and commercial banking, and wealth management. In so doing, Oriental has led the local banking and financial services industry with the introduction of innovative customer-facing digital technology, providing unparalleled levels of convenience and value-added service.

Mr. Fernández also devotes considerable time and effort to organizations focused on the economic and educational development of Puerto Rico. From 2015-2018, he was Chairman of the Board of Trustees of Universidad del Sagrado Corazón, one of the oldest Catholic educational institutions in Puerto Rico. From 2011-2016, Mr. Fernández served as a member of the Federal Reserve Bank of New York’s Community Depository Institutions Advisory Council. From 2013-2015, he was President of the Puerto Rico Bankers Association. Since 2008, Mr. Fernández has been a member of the Business Advisory Board of the University of Notre Dame’s Mendoza School of Business, and a Member of the Advisory Board of Puerto Rico Conservation Trust.

In addition, Mr. Fernández is frequently asked by the U.S. Department of the Treasury and Congress and Puerto Rico’s Executive Branch for his insight on how to navigate the economic challenges facing the island.

For his work, Mr. Fernández has been recognized personally and professionally. In 2003, he received the Top Management Award in Banking and Finance from the Sales and Marketing Executives of Puerto Rico (SME). In 2008, he received the Lifetime Leadership Award from the Young Presidents Organization’s Puerto Rico Chapter. In 2011, he received the Distinguished Alumni Award from the University of Notre Dame’s Mendoza School of Business Executive Education Program.

Mr. Fernández holds a Bachelor of Science degree from the University of Notre Dame in South Bend, Indiana and a Master of Business Administration from the University of Michigan in Ann Arbor, Michigan.