So we lookedĪt the States and the cities with the highest HispanicĬoncentrations, and that is what we began to target. Very good position in areas of high Hispanic concentration. we certainly do have a very good name and a In fact it shocks most people to learn that over half our customers in Growing, and while we're not purely you know, a Hispanic bank. To expand, we looked at the fact that the Hispanic population was Puerto Rico became the firm base upon which to expand toįamiliar and quickly growing markets. Following the market trends, Carrion soon sought to consolidateĪnd diversify. While in 1976 BPPR was still a fundamentally Puerto Rican basedīank, Richard soon realized that the market base in Puerto Rico would be People loved him he was just a veryĬharismatic individual." In keeping with his father'sĬelebrated personal approach Richard Carrion's views on theĮxpansion and development of BPPR continue to be founded upon the idea He was conservative in many ways, but he could make He was a very patient man, just anĮxtraordinary guy.
these mentalĬonversations with him sometimes. "What would he have done?" I have almost. Love to have have see the organization today. Him I would love to have him see all the things we have done. Putting a human touch on a very public figure, Carrion continued hisĭescription of his father: "I can't tell you how much I miss Most important person in my life, not only as a father but "also asĪ mentor as a boss as a coworker, just an extraordinary man." He was the toughest critic I could have had. Importance within the company as well as on a personal level, Carrion When questioned about his father's role and played an even greater role in his family's life than A well-known and much loved figure in Puerto Rico, RafaelĬarrion Jr. Of the institution, the unifying glue of a family-run multi-nationalĬorporation. Known by everyone as "Don Papi" or simply as To work in the bank." Despite the initial misgivings, it is now hisįather whom Carrion credits for his memorable tenure at BPPR. Wouldn't be anything but our father's son. It was difficult to have aįamous father and we thought if we go worked in the bank, we Turned out I just loved it." By the end of the summer, RichardĬam6n had embarked upon a career he once thought was unlikely: "Myīrother "always said he never wanted to go into the bank, really Time, and so I started working in programming that summer of 1976. Puerto Rico, much less to work in the bank. That point in my life, I didn't think I was coming back to live in Uncle Joe said 'you should work at the bank this summer.' At The time, and that summer I needed a job, I really needed a job. This strong family link, Carrion views his continuation of the traditionĪs more coincidental: "I was finishing my master's at MIT at His legendary father, Rafael Carrion Jr.Īnd his uncle Joe also occupied the leadership position at BPPR. Grandfather's older brother was one of the bank's initialįounders, and his grandfather, Rafael Carrion Pacheco, took control of The Carrion family hasīeen an intricate part of BPPR since its inception. Richard Carrion, who was educated at the Wharton School of FinanceĪt the University of Pennsylvania and later earned a master'sĭegree at the Massachusetts Institute of Technology, has followed in theįootsteps of his grandfather, uncle, and father. Linked to one extraordinary family: The Carrions. US mainland and Latin America, and much of this success is directly Presence in Puerto Rico, BPPR is poised to continue its reach into the Major operation units: Banco Popular de Puerto Rico, Banco Popular NorthĪmerica, Popular Financial Holdings (loans and financing), and the
To local service has since evolved in step with the cultural andĮconomic changes and expansion of Puerto Rico. What began as a small institution dedicated Means by which to allow the less advantaged portions of the populationĪccess to banking services. Retrieved from Ĭreated in 1893, Banco Popular de Puerto Rico was founded in what and its related banks, Richard Carrion is at the helm of one of the fastest growing and deeply rooted financial institutions in operation today.
Richard carrion free#
and its related banks, Richard Carrion is at the helm of one of the fastest growing and deeply rooted financial institutions in operation today." The Free Library.
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