BankUnited Names James Foster Executive Vice President, Corporate Finance.CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla. -- BankUnited Financial Corp. (Nasdaq:BKUNA), parent company of BankUnited FSB (FrontSide Bus) See system bus. FSB - front side bus , today appointed James R. Foster executive vice president, corporate finance. In this new role, Foster will focus on development of financial strategy, application of best practices, assessment of profitable business ventures and implementation of internal growth strategies. "Jim is an outstanding addition to our executive team," said Alfred R. Camner, BankUnited's chairman and chief executive officer. "His years of business experience as a chief financial officer, thrift bank Thrift Bank A bank whose main purpose is to take deposits from consumers and make home mortgages. Notes: Thrift banks typically don't bother themselves with corporate banking, brokering, or underwriting. executive and corporate banker give him a unique perspective on the opportunities that lie ahead. His experience will be a valuable asset as we continue to grow and expand our company." Ramiro Ortiz, BankUnited's president and COO, added, "We're looking forward to Jim's contributions. The combination of his business acumen, the experience of CFO See Chief Financial Officer. Bert Lopez and the leadership of our division managers will enable us to reach the goals Fred and I have set to take BankUnited to its next phases of growth." Prior to joining BankUnited, Foster was an organizational consultant with Right Management Consultants, where he focused on leadership development and creation of strategic-planning processes. Before this, he was executive vice president and chief financial officer with J.M. Family Enterprises, the 13th-largest privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in the U.S., where he oversaw strategic development, controllership, treasury and risk management. Prior to this, he was executive vice president and chief financial officer with Umbro International, a global manufacturer of soccer apparel, and Hay Group  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , a compensation and benefits company with operations in 20 countries. Earlier in his career, Foster was an executive with Fuqua Industries, a consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and company that owned a thrift bank. As vice president and treasurer, Foster managed relationships with external financing In the theory of capital structure, External financing is the phrase used to describe funds that firms obtain from outside of the firm. It is contrasted to internal financing which consists mainly of profits retained by the firm for investment. agencies and corporate and subsidiary financing organizations. He also oversaw a $1 billion short-term investment portfolio. Foster began his career as a vice president with Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , where he served as a corporate finance officer for Fortune 500 companies. Foster holds a master's degree in business administration and finance from the University of Chicago and a bachelor's degree in government from Cornell University. Active in community organizations, Foster is a past chairman of the United Way of Broward County and the Cooperative Feeding Program of Broward. About BankUnited BankUnited Financial Corp. (Nasdaq:BKUNA) is the holding company for BankUnited FSB, the largest banking institution headquartered in Florida as measured by assets. BankUnited had assets of $9.9 billion at June 30, 2005. Serving customers in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, Collier and Lee counties through 61 branches, BankUnited offers a full spectrum of consumer and commercial banking products and services, including online products that can be accessed through http://www.bankunited.com. For additional information, call (877) 779-2265. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion