Ricardo Ramos

Ricardo Ramos

Ricardo N. Ramos is an affiliate expert and consultant with Bates Group specializing in capital markets, fixed income, investment management and corporate governance.  Mr. Ramos assists clients in financial matters, hedging interest rate risk and financing transactions. Additionally, he consults senior management in a wide range of areas including: accounting/audit, banking/financial services sector; strategic planning, project financing, asset/liability management, credit analysis, risk management, municipal bonds, litigation support and testimony. 

Mr. Ramos began his career in 1978 after graduating from the Wharton Undergraduate Business School of the University of Pennsylvania when he joined the audit division of Arthur Andersen and Co. in Puerto Rico.  In 1980, after receiving an MBA in Finance from the Booth Business School of the University of Chicago, he re-joined Arthur Andersen's Chicago office where, in addition to audits, he worked in special areas such as bankruptcy consulting and litigation support.

In 1985, after returning to Puerto Rico, he joined the institutional division of Drexel Burnham where he became the Senior Vice President and Deputy General Manager. Mr. Ramos managed inventory of the thirty-broker retail division and was the top institutional producer in 1987 and 1988.

From 1989 to 1991, Mr. Ramos worked with Lehman Brothers, Puerto Rico, as the Senior Vice President, Investment Banking. He was in charge of structuring and managing municipal and corporate bond transactions. Mr. Ramos also participated in billion-dollar acquisition analysis and interfaced with the capital markets group in developing products for the 936 market.

After Lehman Brothers, Mr. Ramos joined Citibank’s Puerto Rico branch as the Vice President, Financial Institutions/Public Sector, where he managed relationships for the public sector and two of the largest financial institutions. He supervised all product areas including transaction and electronic banking, credit facilities, security sales and bond underwriting.  

In 1992, Mr. Ramos joined Oriental Financial Group as Senior Vice President of Finance where he was instrumental in obtaining two investment grade ratings for the institution.  He also managed a secondary stock offering in the U. S. capital markets and converted the institution from a savings and loan to a bank. 

Following his departure from Reliable Financial Services (subsidiary of Wells Fargo) as Executive Vice President where he supervised the finance, accounting, treasury, MIS and cashier areas, Mr. Ramos joined FirstBank, Puerto Rico. During his time as an Executive Vice President at FirstBank, he developed FirstBank’s strategy to enter the retail and institutional broker dealer business. Additionally, he managed the Bank’s investment banking relationship with Goldman Sachs, the Puerto Rico government, and retail product strategic alliance with UBS Paine Webber. Mr. Ramos was the winner of the Institutional Investor 2001 Public Finance Deals of the Year award for the $1.25 billion General Obligation Bonds issued May 24, 2001.

From 2002 to 2015 Mr. Ramos was Managing Director of UBS in Puerto Rico, managing twenty-six investment companies, mostly in the fixed income markets. Mr. Ramos, implemented investment strategies and policies in accordance with prospectus requirements.  Major asset classes included Puerto Rico and U.S. municipal bonds, U.S. Treasuries and Agencies, Mortgage Backed Securities, corporate bonds and derivative instruments.  Assets under management ranged from $6-10 billion. 

In 2015, after thirty years in the financial services industry, Mr. Ramos began a full time consulting career.  He has testified in over twenty FINRA arbitrations and one SEC administrative hearing.  Mr. Ramos is fully bilingual and an avid reader in the subjects of business and history.


Credentials

EXPERIENCE

RRL Consulting LLC, Managing Partner, 2015 – Present

UBS Asset Managers of Puerto Rico, Managing Director, 2002 – 2015

FirstBank Puerto Rico, Executive Vice President, 1999 – 2002

Reliable Financial Services (subsidiary of Wells Fargo), Executive Vice President, 1998 – 1999

Oriental Financial Group, Senior Vice President – Finance, 1992 – 1998

CitiBank, N.A. (Puerto Rico Branch), Vice President Financial Institutions/Public Sector, 1991 – 1992

Lehman Brothers, Puerto Rico, Senior Vice President – Investment Banking, 1989 – 1991

Drexel Burnham Lambert, Puerto Rico, Senior Vice President and Deputy General Manager, 1985 – 1989

Arthur Andersen & Company, Chicago, IL; Atlanta, GA; San Juan, PR, Manager San Juan office, 1978 – 1985

EDUCATION

University of Chicago, Graduate School of Business, Masters of Business Administration, 1980

Concentration in Finance, Dean’s List

University of Pennsylvania, Wharton School of Business, Bachelor of Science: Economics, 1977

Magna cum Laude, Dean’s List with Distinction, Beta Alpha Pi (National Honor Society)

PROFESSIONAL CERTIFICATIONS

Certified Public Accountant

General Securities Representative (Series 7)

General Sales Supervisor (Series 8)

General Securities Principal (Series 24)

Financial Operations Principal (Series 27)

Automat:ee