COLLEGE STATION, Texas – Jorge Bermúdez, a 1973 Texas A&M University graduate and former chief risk officer for Citigroup Inc., joined the Texas A&M Foundation Board of Trustees on July 1.
Bermúdez, a Cuban native who lives in College Station, holds a bachelor’s and master’s degree in agricultural economics from the College of Agriculture and Life Sciences. His career with Citigroup, a multinational financial services corporation, spanned 34 years and equipped him with extensive financial expertise and business management experience. Following his 2008 retirement, he founded Byebrook Group, a small College Station firm dedicated to research and advisory work in the financial services industry.
“I am honored and excited to join the trustees, especially because I respect tremendously the work the foundation does,” said Bermúdez, who previously served two years as an advisory member to the foundation’s Investment Committee. “I hope that my experience in the financial world and knowledge of the global economy will help me be a productive board member, and I am looking forward to building relationships with many Aggies as we strive to make Texas A&M an even greater institution.”
Bermúdez is a generous benefactor to Texas A&M, with a recent $250,000 gift to the Mays Business School to support scholarships for undergraduate business honors students. The Bermúdez Conference Room in the Clayton W. Williams Jr. Alumni Center is named in honor of his 2009 gift to The Association of Former Students’ building enhancement fund, and a wall outside the center highlighting the Texas A&M core value of integrity features a quote from Bermúdez.
“I came to Texas A&M on a one-way ticket from Bogotá, Colombia, where my family was living at the time,” Bermúdez said. “I knew nothing about Texas, but the first Texans I met were Aggies. Even though I wasn’t Texan or American, Texas A&M gave me an education that allowed me to compete in the business world, and I have always felt that I have the obligation to give back both financially and with my time.”
To show his appreciation for the United States, the country that gave him so many opportunities, in 2007 he established the Jorge A. Bermúdez ’73 Family Endowed Scholarship Fund through The Association of Former Students. The fund provides scholarships to the dependent child or spouse of a veteran killed or disabled in a conflict, or to the dependent child or spouse of a veteran who served in a conflict.
Bermúdez’s appointment to the foundation’s Board of Trustees is one of several leadership roles he has fulfilled for Texas A&M. He formerly served as chairman of the board of The Association of Former Students and is a member of Texas A&M’s International Advisory Board and the development councils for the College of Agriculture and Life Sciences and Mays Business School. He also regularly speaks to and mentors student members of the Texas A&M Academy for Future International Leaders.
Outside of Texas A&M, Bermúdez serves on the boards of The Federal Reserve Bank of Dallas, where he chairs the audit committee; the Electric Reliability Council of Texas, where he chairs the audit and finance committee; Moody’s Corporation; and the Community Foundation of the Brazos Valley, where he served the past year as chairman.
Bermúdez received the Outstanding Alumni Award from the College of Agriculture in 2009 and was added in 2006 to the Tyrus R. Timm Honor Registry, which recognizes outstanding former students within the Department of Agricultural Economics at Texas A&M.
The Texas A&M Foundation is governed by seven trustees, each appointed for a period of seven years. A new trustee is appointed each year to ensure continuity. Bermúdez replaces departing trustee John Bethancourt ’74 of Bryan, whose term ended on June 30.