BNY Mellon has appointed Diego Folino as the company’s country executive in Mexico, responsible for overseeing 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,” Boettcher says. “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 from Standard Chartered Bank, where he has served as president and CEO of its 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 Mellons Mexican operations focus primarily on marketing the company’s depositary receipt, global payment, global trade and corporate trust services.
(CG)