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Puerto Rico governor designates Financial Institutions commissioner

By on July 27, 2017

SAN JUAN – Puerto Rico Gov. Ricardo Rosselló announced Thursday that he has appointed banker George R. Joyner as Financial Institutions (OCIF by its Spanish acronym) commissioner.

Joyner is another one of multiple officials in Rosselló’s cabinet that worked under former Gov. Luis Fortuño’s administration (2009-2012). Back then, he was the executive director of the Infrastructure Financing Authority. Joyner accepted the position after the sudden passing of interim Commissioner Ivelisse Colón Berríos.

“I am thankful to George R. Joyner for accepting to return to public service, this time as financial institutions commissioner. I am convinced that George will help us supervise and oversee Puerto Rico’s financial system to ensure its solvency, strength and competitiveness; to foster the island’s socioeconomic development, and safeguard the public interest,” the governor said in a written statement.

Before accepting the government post, Joyner consulted for the public and private sectors in Tampa, Fla., in his capacity as an investment, banking and real estate expert.

In 2011, he was named “Banker of the Year” by the Puerto Rico Homebuilders Association, and was recognized in 2012 for devoting his career to improving the industry.

He earned a master’s degree from University of Pennsylvania’s Wharton School of Business; a bachelor’s degree in mathematics from the University of Puerto Rico, and an accounting degree from Metropolitan University in Puerto Rico.

In the release, Joyner thanked the governor for the appointment and emphasized that OCIF’s work is known for its “professionalism and effort.”

“We live in times of many challenges. We are entrusted with fostering the economic growth of Puerto Rico and safeguarding and improving the strength of our financial resources simultaneously. I am convinced that the OCIF, together with its federal counterparts, the FDIC, the Federal Reserve, the Treasury Department, the Securities Exchange Commission and others, we will continue to work as a team to ensure the financial well-being of all Puerto Ricans,” Joyner said.

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