Mandy DeFilippo will become Standard Chartered’s CEO for the U.S. and Americas, effective March 24, the U.K.-based bank said Tuesday.
DeFilippo will join the bank from Citadel Securities, where she’s been managing director and chief operating officer of legal and compliance, and of risk and operations, since 2022.
She will replace Steven Cranwell, who is set to leave the bank after seven years. He became CEO of the Americas in 2021, according to his LinkedIn profile.
“I’m eager to bring my international experience to an organization with an unparalleled global network and passion for serving its clients, and I look forward to partnering with the Americas team to drive strategic growth and continued success in this important region for the Bank,” DeFilippo said in a prepared statement.
DeFilippo will report to Roberto Hoornweg, the bank’s CEO of Europe, Americas, Middle East and Africa, StanChart said.
“Her broad experience across financial markets, banking and risk management will be hugely value- additive as we respond to an increasingly wide spectrum of needs among our US and Americas clients for financing, advisory and risk intermediation,” Hoornweg said.
Prior to Citadel, DeFilippo held several senior roles at Morgan Stanley, including global head of business unit risk management for its fixed income division. She’s a lecturer at Harvard Law School and served as chair of the International Capital Market Association for a number of years.
She was the first woman to hold that role in ICMA’s 50-plus year history.
So, too, will she be the first woman to hold Standard Chartered’s U.S. and Americas CEO post. Women hold the role in several of the bank’s other markets – Germana Cruz is CEO and head of financial institutions in Latin America; Judy Hsu is CEO of wealth and retail banking; and Anna Urbanska is CEO of Standard Chartered’s Polish bank.
Several women in banking have been elevated to CEO posts in recent months. Lisa McGeough took the helm at HSBC US on Jan. 1 not long after the British bank named Pam Kaur its first woman chief financial officer.
Additionally, U.S. Bank President Gunjan Kedia will become the second woman to lead a top-10 American bank when she replaces Andy Cecere on April 15, standing in rank with only Citi’s Jane Fraser.
Jamie Dimon remains at the helm at JPMorgan Chase, but eyes are on consumer-banking CEO Marianne Lake as a potential successor, especially after another likely contender – Jennifer Piepszak – became chief operating officer last month.
The last high-profile personnel move StanChart made also put a woman in charge. The bank last week named Maria Ramos as its next board chair, replacing José Viñals, who is set to retire in May after a nine-year stint.
Ramos, who spent a decade as CEO of South Africa-based Absa Group until 2019, joined StanChart in 2021 and became senior independent director and chair of the board’s risk committee the following year.
DeFilippo is Standard Chartered’s second major U.S. appointment this year. The bank named Sal Vitale as head of coverage for the U.S. and Americas in January.
