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Banesco USA Hires Jose Morales as Executive

MIAMI, FL – September 23, 2024 – Banesco USA, a Florida state-chartered bank with $4.17 billion in assets as of June 30, 2024, has announced the appointment of Jose Morales as the leading community bank’s new Executive Vice President and Chief Risk Officer. In this role, Morales will lead the strategic direction of Banesco’s risk management and compliance programs. He and his team will collaborate closely with business leaders to strike the optimal balance between risk and business objectives, ensuring Banesco operates in a secure and responsible manner.

With over 15 years of experience in the financial services industry, Morales has a proven track record of driving positive results and implementing effective risk management practices.

“Morales’ addition to our leadership team aligns perfectly with our strategic vision for advancing our risk management capabilities and driving sustainable and responsible growth,” said Calixto (Cali) Garcia-Velez, President & CEO of Banesco USA. “His expertise will strengthen our ability to deliver innovative solutions and enhance our operational effectiveness, ensuring we continue to meet the evolving needs of our clients with excellence.”

Prior to joining Banesco USA, Morales held several senior level roles at Citigroup, including Director of Transformation Enterprise Risk Management and Director of Global Payments and LATAM Risk Management. He began his career in auditing with PricewaterhouseCoopers and Ernst & Young, where he developed a strong foundation in risk assessment and compliance. Additionally, he is a Certified Information Systems Auditor (CISA) and holds a bachelor’s degree in business administration from the University of Puerto Rico.

Dedicated to giving back, Morales is actively involved in the community serving on the Board of Amigos for Kids, a nonprofit organization dedicated to preventing child abuse and neglect by valuing children and strengthening the community.

Banesco USA offers customized banking solutions and personalized customer service to commercial real estate sectors, businesses, and professional clients. The bank is poised to continue its growth trajectory fueled by its investments in the Commercial & Industrial (C&I), Business and Professional (B&P), International and Commercial Real Estate (CRE) lines of business.

For more information on the bank’s products and services, please visit BanescoUSA.com.

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About Banesco USA
Founded in 2006 and based in Miami, Banesco USA is an independent Florida state-chartered bank with $4.17 billion in assets as of June 30, 2024. The bank has six locations between South Florida and Puerto Rico, and a Loan Production and Deposit Production Office in Palm Beach County. Banesco USA is proud to serve the commercial real estate sector, small and middle-market businesses, as well as professionals who work in the community. The bank services both domestic and international clients as well as operating companies with a suite of products and services delivered with personalized attention to support their financial journeys.

Media Contact:
Schwartz Media Strategies
Yudi Fernandez Kim, (305) 725-8262, yudi@scwhartz-media.com
Ivanna Agudo, (305) 450-1445, ivanna@schwartz-media.com
Victoria Cela, (786) 514-9250, victoria@schwartz-media.com

The information provided by Banesco USA ("we," "us," or "our'') is for general informational purposes only and is not intended as legal, tax, investment, financial or other advice or a substitute for professional advice. The information is general in nature and does not address the circumstances of any particular individual or entity, and is not comprehensive or a complete statement of the matters discussed herein. All information contained herein is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information provided herein. The information provided may contain information from third parties or other sources. We do not warrant, endorse, guarantee, or assume responsibility for the accuracy or reliability of any information offered by third parties. Under no circumstances shall we have any liability to you for any loss or damages of any kind incurred as a result of the use of or reliance on any information provided herein. Your use and reliance on any information provided herein is solely at your own risk.
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