Please take a moment to acquaint yourself with us, the FLG team members. With more than 50 years of collective experience in finance and insurance, we bring a wealth of knowledge and expertise to each engagement we undertake. Each team member is highly focused in his/her area of expertise, resulting in the highest level of quality in the services we deliver. Our goal is to exceed client expectations by providing honest, straight forward advise and solutions in a cost effective manner.

IVAN MENDEZ.

Ivan Mendez is the Founder and President of Financial Liaison Group. He is the former President and Chief Executive Officer of Scotiabank de Puerto Rico, a position he held from 1998 until his retirement on January 29, 2004 when he established his consultancy practice. He is the first Puerto Rican to have occupied the institution’s top position in its 94- year history.

Mr. Mendez has held various executive positions in the banking sector over the past 28 years. Between 1976 and 1984, he held key positions within Citibank, N.A., where he rose to Unit Head with responsibilities for commercial, corporate and multinational relationships. In 1984 he joined Roig Commercial Bank where he established the bank’s first facilities in Hato Rey,the center for Puerto Rico’s banking district and developed the bank’s marketing strategy for the Greater San Juan Metropolitan area.

In 1988 Mr. Mendez joined Scotiabank de Puerto Rico as Vice President-Commercial/Corporate Banking with full responsibility for the Bank’s activities in these areas. He participated in several important negotiations and closings of loan and bond transactions involving hotels and shopping center developments. He was also involved in several major projects throughout the Caribbean, including Jamaica, Trinidad, Barbados and the Dominican Republic. In 1991, he was promoted to Senior Vice President assuming direct supervision for the Bank’s branch network and retail activities in addition to the above-mentioned responsibilities. In 1992, Mr. Mendez was promoted to President and Chief Operating Officer with full responsibility over the Bank’s day- to- day operations.
He was also a Member of Scotiabank de Puerto Rico Board of Directors, Scotia Insurance Agency, and Scotia Merchant Bank.

Mr. Mendez has been an active member in several professional and civic organizations.He served as President of the Puerto Rico Bankers Association from 1995 to 1997 and was a Member of the Government Relations Council of the American Bankers Association between 1995-1998 and 2002-2003. From 1992 to 1999, he was a Member of the Board of Directors of the Puerto Rico Tourism Department Scholarship Fund and was a Member of the Board of Directors of the Puerto Rico Manufacturers Association from 1995 to 1997.
Other professional and civic affiliations during his career include membership in the Puerto Rico Financial Analysts Association and Robert Morris Associates. Between 1996 and 1999, he was a Member of the Board of Directors of the Bankers Club and a Member of the Advisory Committee of the P.R. Muscular Dystrophy Association from 2002 to 2002. Mr. Mendez currently serves as a Member of the Board of Directors of RG Premier Bank in Puerto Rico and RG Crown Bank in Orlando, Florida.

RAQUEL MÉNDEZ

Raquel Mendez heads FLG’s Insurance Division and is the company’s Treasurer. She brings to this position 28 years of experience in the healthcare and employee benefits sectors. Prior to becoming FLG’s insurance head, Mrs. Mendez was Vice President and New Consultative Business Manager for Cigna Health Care, one of the nation’s largest Employee Benefits provider. As its senior officer in Puerto Rico, she was also the company’s Representative and Liaison with the Office of the Insurance Commissioner of Puerto Rico for all regulatory affairs.

Mrs. Mendez’ outstanding career has encompassed management level work in sales, provider relations, benefits, claims and customer service. Between 1985 and 1997 she was Claims/Customer Service Director for Puerto Rico and the USVI with oversight responsibility for a team of 100 associates.
In 1995, Mrs. Mendez, who was identified as a key management resource within Cigna, was promoted to Director of Claims, Provider/Relations and Customer Service. In this position she was responsible for a human capital budget of $4MM in addition to her other multiple responsibilities. These included evaluation and approval of renewals and new provider contracts with physicians, public/private hospitals, laboratories, PPOs and EPOs.

Under Mrs. Mendez stewardship, Cigna achieved record- breaking sales in Puerto Rico and the USVI. She is credited with the development of extensive and lasting relationships with the brokerage community along with the implementation of a very successful training program within the organization resulting in the mentioned sales increases, while maintaining the highest level of total customer satisfaction.

ARTURO NÚÑEZ

Arturo Nunez has 30 years of experience as a Banker and Consultant. Between 1975 and 1989, he held various executive positions at Citibank where he began as Account Manager in its Commercial Banking Division. He was also Unit Head in the Corporate Banking Group and Risk Manager/Unit Head for its Latin America Investment Bank.
While in these positions, Mr. Núñez was involved in multimillion commercial/corporate loan transactions with local and multinational companies as well as Commonwealth government agencies, including the Government Development Bank for P.R. As Risk Manager, he supervised the Caribbean and Central America Treasury Operations for a $400 million investment portfolio.

He joined Scotiabank de Puerto Rico in 1990 as Unit Head in its commercial and corporate unit where he was involved in significant M & A transactions, tourism and hospitality industry financings including hospital facilities as well as in the management of a diversified loan portfolio.
His most recent experience as Consultant has involved engagements in Real Estate workouts, Bankruptcy Court Reorganizations, and Debtor in Possession financing situations among others.

FINANCIAL LIAISON GROUP, CORP.
PO BOX 79579
CAROLINA, PUERTO RICO 00984-9579