Mr. Arthur Montilla
Managing Partner, Neil Montilla, Inc.
Member of the Financial Services Council
Council Member Biography
Neil Montilla is an independent consultant supporting primarely off shore financial institutions in strengthening their payment systems strategies, risk management and internal controls. He has provided consulting services to several banks in Puerto Rico, the Caribbean, and Europe as well as discussing Puerto Rican banks, the economy and government of Puerto Rico with institutional investors. Previously, Mr. Montilla was International Finance Director at Avaya (Lucent) and Sr. Director/CFO for the Latin American and Caribbean region at Apple Computer. Prior to that, he was President of General Electric Credit Corp.'s operations in Puerto Rico, which were acquired by Banco Popular de Puerto Rico where he was named SVP, Consumer Credit. He also was Resident Vice President of Real Estate Lending in Puerto Rico at Citibank. Neil served as President of the PRIDCO (govt. industrial development agency). Mr. Montilla began his career in investment banking. (This is me - Update Profile)
Employment History
- 2005 - Unspecified
- Managing Partner, Neil Montilla, Inc.
- 2004 - 2005
- Partner, JBalaguer & Associates
- 1999 - 2004
- International Controller, AVAYA INC.
- 1994 - 1998
- CFO, Latin America, APPLE INC.
- 1989 - 1992
- Senior Vice President , CONSOLIDATED BANK AND TRUST COMPANY
- 1983 - 1989
- Senior Vice President , Consumer Lending, BANCO POPULAR NORTH AMERICA, INC.
- 1981 - 1983
- President, GENERAL ELECTRIC CAPITAL CORPORATION OF PUERTO RICO
GLG NewsSM Analyses by Arthur Montilla
GLG News is now G+ Insights
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G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.
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May 23, 2006
Halt in Economic Development (in Spanish) | www.endi.com
The implications of the recent government shut down compounded by the credit ratings down grade on Puerto Rico debt could be severe on the banking sector.
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Analyst warnings on Puerto Rico economy & banking sector
April 18, 2006
Alerta Cohen Bros. & Company de la degradación crediticia | www.endi.com
Puerto Rico has a deficit situation in its current budget and has indicated the central government will be unable to meet payrolls in May and June, unless there is an end to the deadlock over approving the plan presented to the legislature by the Governor.
At the same time several of PR’s banks have had to postpone or restate earnings reports over improper accounting for mortgage pools sold between them. There is speculation that several banks (publicly traded) may be acquired by others.
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April 12, 2006
Inminente el colapso en los servicios | www.endi.com
Puerto Rico's economy is facing serious challenges. With 30% of the Islands labor force, the government deficit is not only indicative but an integral part of the problem.
The lack of an agreement to balance the budget as well as the economies needed to do so, will have repercussions that will be felt across the entire spectrum from suppliers of goods and services to government agencies to retailers of consumer goods.
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Puerto Rico Political Primer and its Effect on Resolving the Deficit Issue
April 11, 2006
Various | www.endi.com
Puerto Rican banks have been an attractive play for the last 4 years, in some cases gaining 300%+ in the 3 years from January of 2002 through December of 2004 and then loosing 80% in 2005.
The bank stocks, and the PR economy in general were buoyed by the sharp increase in housing values and the refinance fever over the last 3 years.
Not only have we seen a slow down (similar to a brick wall) but the central government is in the midst of a budget deficit which is causing PR debt ratings to be lowered to junk. Politics rather than judgement seems to rule. -
Puerto Rican Banks delay SEC filings
April 7, 2006
More Bank Delays | www.adendi.com
Puerto Rican banks saw their share prices raise by as much as 300% in three years thru 2004 and then fall by over 80% last year.
- Several banks have not yet been able to release their 2005 financial statements
- Three have received Cease & Desist orders from the Fed, the FDIC and local authorities
- Several top banking executives have resigned or taken “early retirement”
As the clouds clear, there will probably be a round of consolidation among banks doing business in Puerto Rico. Several large US and International banks not currently in the PR market have indicated interes
GLG Study Groups with Arthur Montilla(?)
| Study Group Name | No. Members |
|---|---|
| Credit Card Experts | 908 |
| Sarbanes-Oxley Accounting Experts | 19 |
GLG Live Meetings with Arthur Montilla(?)
Arthur Montilla has not participated in any GLG Live Meetings.
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