Capital IQ Power Moves

Oriental Financial Group announced new responsibilities for five executives, effective January 1, 2010, including the consolidation of bank compliance and risk management under Dr. Ganesh Kumar, who continues as chief operating officer. The rest of the changes are part of a new program of periodically rotating officers to expand their experience and expertise in key areas, and to facilitate communication and collaboration between departments: Grettel Baez, CPA, currently vice president and auditor general, will become senior vice president of banking operations. Carlos Vina, CPA, currently SVP and controller, will become SVP and auditor general. Cesar Ortiz, CPA, Esq., currently SVP risk management, will become SVP and controller. Rafael Cruz, Eng., currently SVP of banking operations, will become SVP compliance, a new position, reporting to Dr. Kumar. -Business Wire