Ex-Senator MEL MARTINEZ a/k/a Melquíades Rafael Martínez Ruizis
BY RICHARD BURNETT
Orlando Sentinel
JPMorgan Chase & Co. has named former U.S. Sen. Mel Martinez as chairman of Chase Bank's Florida market and its operations in Mexico, Central America and the Caribbean, the bank said Monday.
As the banking giant's senior Florida executive, Martinez will also serve on JPMorgan Chase's corporate executive committee and work with its ``most senior level clients -- from businesses to large corporations to non-profits and governments,'' the bank said. Martinez will be based in Orlando.
The former Orange County mayor was the first Cuban American elected to the U.S. Senate in 2004 after serving as secretary of the Department of Housing and Urban Development for President George W. Bush.
Before his term ended, Martinez left the Senate last year, citing personal and family reasons. He joined the DLA Piper law firm as a lobbyist in September 2009.
``Mel has been a business and civic leader and a role model in Florida for decades,'' JPMorgan Chase's CEO Jamie Dimon said in a written statement. ``He has served the people of Florida well at both the local and national level and now he will help JPMorgan Chase continue our expansion to serve the consumers, businesses and communities of Florida and the region.''
With its 2008 acquisition of failed Washington Mutual, Chase Bank became the sixth-largest bank in Florida, by deposit market share. As of mid-2009, it had deposits of $10.75 billion at 242 branches statewide, according to the most recent FDIC data.
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