StanChart Names Private Banking Head

Standard Chartered has named John Leto president and CEO of its Americas private banking unit, it says. Leto is based in Miami and reports to David Stileman, CEO Americas and Marianne Hay, head of private banking for Europe, Americas and MENA. He joins from a startup private bank Alpha Capital Financial, where he was a partner, after holding different positions at Citi, including Chief administrative officer at its private bank. Leto replaces Diego Folino, who will move to another role at Standard Chartered that has not been announced yet.