In that role, Folino will oversee the strategic direction and expansion of the company's local capabilities and presence across all business lines in Mexico.
Folino will also serve as representative of the company in its rep office in Mexico and join the Latin America Management Committee, reporting to Rene Boettcher, BNY Mellon's chairman of Latin America. He will also become chairman of the board of directors for BNY Mellon's Mexican banking subsidiary, The Bank of New York Mellon, S.A., Institucion de Banca Multiple.
'Diego's extensive financial market and management experience, as well as his strong understanding of the needs of institutional clients in Mexico, will significantly enhance our prospects for ongoing growth and success in the country', said Rene Boettcher, chairman of Latin America for BNY Mellon. 'He has a track record of providing strong strategic direction and leadership and represents an excellent addition to our management team in Mexico'.
Folino joins BNY Mellon with nearly 25 years of international banking, corporate finance and management experience. Most recently, he served in a variety of senior management positions at Standard Chartered Bank, including as President and CEO of their private banking activities in the Americas based in Miami, CEO and Country Representative in Mexico, and Head of corporate banking activities in Mexico. Previously, Diego held a variety of financial, client management and managerial positions in Mexico at Bank of America. He is also a past president of the Mexican Association of Foreign Banks.
BNY Mellon has had a presence in Mexico since 1994, largely focused on marketing the company's depositary receipt, global payment, global trade and corporate trust services.