City National Bank of Florida (CNB) has appointed Nicolas Young as chief credit risk officer (CCRO). With close to 30 years of experience in both domestic and international credit risk management, Young brings a proven track record in developing and managing robust credit programs and will support CNB’s continued growth across Florida.
In his new role at CNB, Young will oversee all credit-related activities, including credit approval, credit policy, portfolio management, asset recovery and risk governance. He will lead a team of senior risk and credit professionals, including CNB’s chief lending executive, private banking and consumer risk executive, wholesale risk executive and others responsible for credit administration and asset recovery.
Hugo Loynaz, CNB’s former chief credit officer, will transition to the role of chief lending executive, where he will be responsible for new business and loan originations. Since joining CNB 15 years ago, Loynaz has been instrumental in helping grow and position the bank as one of the leading financial institutions in Florida. With a proven track record of building high-performing teams and delivering innovative credit solutions, Loynaz will play a key role in guiding the bank through its next phase of growth.
With the addition of Young, CNB is strengthening its ability to deliver faster, more competitive lending solutions tailored to client needs. This will help advance CNB’s goal of expanding its statewide footprint, as the bank grows its workforce by 20 percent over the next 12 months. Strategic investments in talent recruitment and development are fueling core business lines, including commercial and corporate banking, international banking, private banking, small business lending, commercial real estate and capital markets.
“Nicolas brings deep expertise and a forward-thinking approach to credit and risk management, reflecting our commitment to investing in talent and technology as we support our clients across Florida,” Jorge Gonzalez, vice chairman and CEO of CNB, said. “By establishing the chief lending executive role to focus exclusively on new business development, we’ll take full advantage of Hugo’s specialty in client relations while empowering Nicolas to concentrate on our overall credit strategy, enhancing efficiency and enabling our teams to deliver highly customized lending solutions.”
Prior to joining CNB, Young served as president and chief operating officer of Newtek Bank. He previously held chief credit officer roles at IberiaBank and Banco Sabadell, where he led large-scale teams across the United States and Latin America. His leadership has been instrumental in driving double-digit portfolio growth in complex regulatory environments. He has extensive experience with regulatory excellence and board governance, as well as a strong background in C&I, CRE, SBA lending, residential and private lending.
Young holds a bachelor of science degree in economics from Universidad ORT Uruguay.
