Coral Gables, FL-headquartered Gibraltar Private Bank has named Adolfo Henriques as chairman, president and chief executive. He takes on the responsibilities from Steven Hayworth, who has left the firm.

Henriques joined the bank in February 2011 as vice chairman, president and chief operating officer. It is unclear at this stage whether he will continue to serve in these roles. 

Previously, Henriques was vice chairman of the Related Group, and chairman, president and CEO of Florida East Coast Industries. Earlier in his career, he was chairman of NationsBank for south Florida and CEO of the south region for Regions Bank.

His appointment at Gibraltar Private remains subject to regulatory approval.

The former managing director of wealth management at the bank, Matthew Lapides, resigned last June, according to media reports at the time, which said Henriques had assumed the wealth management responsibilities on an interim basis.

In October 2010 the Coral Gables-based bank was served with a cease and desist order from regulators, citing unsound banking practices related to its Bank Secrecy Act and Anti-Money Laundering policies and procedures, as well as problem loans.

It was established in 1994 and offers residential and commercial lending, private banking and wealth management services to professionals, corporate executives, entrepreneurs, affluent retirees and businesses.

The bank has eight full-service private banking and wealth management relationship offices including Florida’s Coral Gables, Fort Lauderdale, Downtown Miami, Miami Beach, South Miami, Naples, Ocean Reef and New York.