Diego Folino is President and CEO, Standard Chartered Bank International (Americas), LTD. Diego arrived in Miami to take the helm of Standard Chartered Bank’s (SCB) operation in Miami and private banking efforts in the Americas. He started almost two years ago when SCB acquired American Express Bank International’s world-wide banking operations.
Diego, with over 20 years of international banking experience, has a long history with SCB and came to Miami after heading up the bank’s operation in Mexico. Diego spent about 7 years in Mexico positioning the bank as a top competitor in its core business areas. Prior to that, he spent 12 years with Bank of America in Mexico, where he held various positions within the corporate finance world.
Since his arrival here, he has led and executed the integration of the acquired business, managed the cultural change and integration, created and incorporated a new U.S. Broker Dealer "Standard Chartered Securities (Americas) Inc." and as he describes in simple words, he now has the house in order to kick off a new chapter of the bank in the region.
We have a world class bank in our midst. Last week, Standard Chartered invested $100,000,000 in the formation of a new bank in Brazil. Many in our community do not know the Bank and would be surprised by the magnitude of that investment. In sponsoring the opening cocktail event for 1,300 participants at the FELABAN Conference, they demonstrated their interest in Latin America to the banking community.
Headquartered in London, SCB is listed on both the London Stock Exchange and the Hong Kong Stock Exchange and is particularly strong in Asia, where many of its senior management reside. Standard Chartered is the number one foreign bank in mainland China, India, South Korea and Taiwan. A substantial portion of its assets are in growth areas of Asia, Africa and the Middle East. The Bank was founded in 1853 as The Chartered Bank of India and Australia, thus its strong Asian roots. Today Standard Chartered has about 70,000 employees in more than 70 countries with over 1,600 branches and outlets. It has one of the world’s highest market caps and has come through the difficult recessionary period in a very strong financial position.