BNY Mellon has appointed Diego Folino as the company's country executive in Mexico. In that role, Folino will oversee capabilities and presence across all business lines in Mexico.
Folino will also serve as representative of the company in its 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, 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.
Folino joins the asset management and servicing group 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.
In a recent investment note, Bill Gross, founder of PIMCO, wrote that investors should favour countries such as Mexico with cleaner "dirty shirts" and higher real interest rates.
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