Based in New York, Rojas will be responsible for the development and promotion of the company’s strategy across the region, and will also lead on all aspects of governance and financial performance. He reports to V Shankar, CEO of Europe, the Middle East, Africa and the Americas.

A Standard Chartered veteran, Rojas joined the bank in 1988 as head of business development for South America and went on to hold a variety of positions based in Miami, London and New York. In his most recent role he had global responsibility for financial institutions clients including central banks, sovereigns, commercial banks, investors, multilaterals, microfinance institutions and non-governmental organizations.

On taking up his new role as chairman, Stileman will continue to support the bank’s strategic development and client coverage in the Americas, as well as representing the firm at the Clinton Global Initiative. He maintains his positions as deputy chairman and president of BritishAmerican Business, a board member of the Partnership for New York City, and advisory board member at Corsair Capital.

Commenting on Stileman’s time as CEO, a position he took up in late 2007, Shankar noted his role in growing Standard Chartered’s business in Brazil – a country the bank views as a key market.

Both appointments are effective 1 June 2011, and a new global head of financial institutions will be announced in due course.

As was reported earlier this year, Standard Chartered Private Bank is looking to grow in the Americas, as it views Latin America as one of the regions in the world with the most growth potential, and plans to hire approximately eight private bankers this year in Miami and New York.

The private bank predicts the current “super-cycle” in global growth – which has seen commodity prices boom in recent years, despite the recent turbulence – will keep the Latin American continent expanding 10-fold from the start of the century in economic size to be worth $308 trillion by 2030.

To view an exclusive Family Wealth Report interview with John Leto, president and chief executive of Standard Chartered Private Bank Americas, click here.