Carlos M. Garcia
Director, Chairman of the Board
Carlos M. Garcia is the Chairman of the Board of Managers of Caribbean Financial Group since December 2014 and a board member since July 2014. Also, he is the Chief Executive Officer and Founder of BayBoston Managers LLC and Managing Partner of BayBoston Capital L.P. Prior to that, Mr. Garcia served at Banco Santander in a series of executive roles, from 2011 to 2013 as Senior Executive Vice President and board member of Santander Holdings USA and Santander Bank N.A., and from 1997 to 2008 as President and COO of Banco Santander Puerto Rico, Vice Chairman and CEO of Santander Securities, Chairman of Santander Asset Management and board member of Santander Financial Services (dba Island Finance Puerto Rico). From 2009 to 2011, he was appointed Chairman, President and CEO of the Government Development Bank for Puerto Rico and also Chairman of the Fiscal Restructuring and Stabilization Board of Puerto Rico. Mr. Garcia has over 23 years of experience in the financial industry. Mr. Garcia received a dual bachelor's degree in economics from the Wharton School and in Comparative Literature from the College of Arts and Sciences of the University of Pennsylvania. He is a former board member of the Federal Home Loan Bank of Pittsburgh and Make-A-Wish Foundation of Massachusetts and Rhode Island, a member of the Young Presidents Organization, and a board member of the Hyde Square Task Force in Boston.
Daniel W. Porter
Daniel W. Porter is member of our Board of Managers since 2006. Mr. Porter is currently the Chief Executive Officer of Skopos Financial Group, LLC which is a non-prime indirect automobile financing business. Mr. Porter was a Senior Advisor of Irving Place Capital from 2004 to 2011. Prior to joining Irving Place Capital in 2004, Mr. Porter served as Chairman and Chief Executive Officer of WMC Mortgage, a leading non-prime wholesale mortgage company, from October 2003 to June 2004, when it was acquired by GE Capital. From 1999 to 2003, Mr. Porter was Chairman and Chief Executive Officer of Wells Fargo Financial, a consumer finance division of Wells Fargo. From 1986 to 1999, he worked at GE Capital where he held several positions including Chief Executive Officer as well as other senior executive positions in automobile, private label credit card and commercial financing businesses. He also led or participated in numerous mergers and acquisitions in the United States, Latin America and Western and Central Europe. Previously, Mr. Porter was a management consultant at Booz, Allen and Hamilton (now Booz & Co.). Mr. Porter also served as director of White River Capital. Mr. Porter received an MBA from the Wharton School of the University of Pennsylvania and a BS from the University of California, Davis.
David E. King
David King is a Managing Director at Fortress Investment Group, where he heads the firm's Strategic Capital Group and focuses on investments in the financial services sector. Prior to joining Fortress in 2014, Mr. King founded and was the Senior Managing Director of Culpeper Capital Partners LLC. Mr. King was formerly a Senior Managing Director at Bear Stearns Merchant Banking and its successor firm Irving Place Capital, a middle-market private equity firm from 2001 to 2011, and a Managing Director at McCown De Leeuw & Co., where he worked from 1990 to 2000. Mr. King currently is a member of the board of several private financial services companies. Mr. King received his B.A. from Rice University, his M.S. from Stony Brook University, and his M.B.A. from Stanford University.
Devraj Roy is a Partner of Irving Place Capital. Mr. Roy has more than 15 years of private equity investing and financial advisory experience. He focuses on investments in industrial manufacturing and distribution companies. Since joining Irving Place Capital in 2005, Mr. Roy has been involved in evaluating and executing investments in the industrial, retail and consumer products, and financial services industries. Prior to joining Irving Place Capital in 2005, Mr. Roy worked as an associate of Parthenon Capital. At Parthenon Capital, Mr. Roy focused on investments in industrial distribution, consumer products and healthcare services. Prior to Parthenon Capital, Mr. Roy was with the investment banking division of Salomon Smith Barney. Mr. Roy holds an MBA from Columbia Business School and BA, magna cum laude, from Yale University.
Thomas P. Shippee
Thomas P. Shippee retired as Chief Executive Officer of Wells Fargo Financial in December 2008. He oversaw all U.S. and Canadian consumer finance operations, as well as the commercial businesses for the financial services company headquartered in Des Moines, Iowa. Mr. Shippee served in various positions throughout his career and served as President and CEO from June 2004 until July 2008 when he transitioned to the CEO position in preparation for retirement in late 2008. He earned a Bachelor's degree in Economics at Bates College and an MBA at Pepperdine University.