Standard Chartered Appoints President and CEO of
The Standard Chartered Private Bank, Americas
Miami, January 25, 2010
The Standard Chartered Private Bank announced today the appointment of John Leto as President and CEO, The Standard Chartered Private Bank, Americas. John is based in Miami and is responsible for leading the business development, strategy implementation and growth of Standard Chartered’s Private Banking business in the Americas. John reports to David Stileman, CEO Americas and to Marianne Hay, Head of Private Banking, Europe, Americas and MENA.
“We are excited to welcome someone with John’s background and experience to our senior management team. His leadership will be critical in driving the continued growth of our private banking business in the Americas”, said Marianne Hay.
John is a strategic wealth management executive with Fortune 50 as well as start-up experience. An expert in organizational development and sales effectiveness, he has led initiatives focused on growing and transforming wealth management businesses, as well as structuring organizations to optimize the effectiveness of human capital and sales management.
Before joining Standard Chartered, John was a partner at a start–up private bank, Alpha Capital Financial. Prior to this, John held several senior management roles at Citigroup. He was Head of Citi Private Bank’s New York office, and also served as The Citigroup Private Bank’s Chief Administrative Officer, with responsibility for Latin America, Asia, Europe, Middle East and the US.
John holds a Doctor of Philosophy in Applied Organizational Psychology, with distinction from Hofstra University, a Master of Arts in Organizational Psychology from Hofstra University, a Master of Science in Management from NYU-Poly (NYU’s School of Engineering) and a Bachelor of Science in Industrial Engineering from New York Institute of Technology.--ENDS--
For further information please contact:
Head of Corporate Affairs, Americas
Tel: +1 212 667 0239
Note to editors:
The Standard Chartered Private Bank
The Standard Chartered Private Bank's heritage stems from over 150 years of international banking excellence that is the Standard Chartered Bank.
The Standard Chartered Private Bank works with clients and their families to understand not just their financial goals but also their fundamental beliefs and values. By offering true open architecture and best of breed products as well as delivering first-class service for the daily banking needs of its clients, The Standard Chartered Private Bank is ideally placed to help clients achieve what they want from their wealth.
We draw on the strength of the Standard Chartered Bank network to deliver a portfolio that is truly personal to the individual. Our clients benefit from a broad array of specialised products and services that can better meet complex needs as their wealth grows, ranging from margin trading, complex credit solutions, structured products, commodities and estate planning, to a wide range of investment products including mutual funds and discretionary portfolios, to the transactional deposits and savings accounts.
The Standard Chartered Private Bank has been named ‘Global Best Private Bank’ by Euromoney in 2008. Euromoney cited risk management, a focus on growth markets, achievements in performance, growth in client base and a commitment to service and advisory as success factors.
About Standard Chartered
Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth.
Standard Chartered aspires to be the best international bank for its customers across its markets. The Group earns around 90 per cent of its income and profits in Asia, Africa and the Middle East, from its Wholesale and Consumer Banking businesses. The Group has over 1600 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs around 70,000 people, nearly half of whom are women. The Group's employees are of 125 nationalities, of which about 70 are represented in the senior management.
About Standard Chartered, Americas
Standard Chartered Bank operates in 11 markets in the Americas region, including the U.S., Canada, Mexico, the Caribbean, and, in Latin America, Argentina, Brazil, Chile, Colombia, Peru, Uruguay and Venezuela.
Standard Chartered has both a Wholesale Bank and a Private Bank in the Americas. The Wholesale Bank provides financial products and services to corporations, financial institutions and development organizations in the Americas. Key products include trade finance services, cash management, treasury, foreign exchange and interest rate products, commodity finance, and structured import and export finance services. Its primary function is to facilitate trade and investment flows between the Americas and the Group’s core geographies of Asia, Africa and the Middle East. The Standard Chartered Private Bank in Miami services clients based primarily in Latin America. It maintains an advisory center in Miami and client offices in Uruguay and Chile.
For more information, please visit: www.standardchartered.com.