Puerto Rico’s Popular hires new IRO
Brett Scheiner is taking on investor relations at Popular, joining from the northern Virginia boutique investment bank FBR, where he was serving as vice president and research analyst covering the banking sector since 2009.
The economics graduate of John Hopkins University started his career as an analyst at the Boston-based buy-side firm Loomis Sayles & Co (part of French group Natixis Global Asset Management), before joining Lehman Brothers as an equity strategist and product manager specializing in the financial sector .
Scheiner also holds an MBA from Columbia Business School. He will report to the bank’s CFO Carlos Vazquez, who welcomes the newly appointed IRO in a press release: ‘We are fortunate to have Brett on board and look forward to further enhancing our communication with our shareholders and the markets using his experience and expertise.’
NASDAQ-listed Popular is Puerto Rico’s leading financial institution and the largest Hispanic bank in the US, with branches in New York, New Jersey, Illinois, Florida and California. The company, which was granted a $935 mn bailout by the US government in 2008, posted $1.8 bn in revenue and $245 mn in net income for 2012.