The Financial Post reports in its Friday edition that Bank of Nova Scotia has created a new executive position to increase its focus on Quebec, a region where the Toronto-headquartered lender has said it needs more focus. The Post's Naimul Karim writes that the bank appointed Jean-françois Courville as president, Quebec, as part of its "Grow Quebec" strategy. At Scotiabank's investor day in December, Aris Bogdaneris, Scotiabank's head of Canadian banking, told shareholders the bank plans to continue adding relationship managers to "geographic white spots" where it needs "more boots on the ground to generate new business. Quebec and British Columbia are a priority." The move also seems to fit with Scotiabank's new strategy of allocating more capital in North America, something it first announced in December. Its immediate focus was to allocate a greater share of capital to Canada as well as recycle capital from its Latin American businesses to its corporate business in the United States. Scotiabank has the largest international footprint among its peers. Mr. Courville will join the bank on Nov. 12 from Purpose Unlimited, a Canadian financial services and technology company where he is president and chief client officer.
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