05:55:19 EST Mon 10 Feb 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Bank of Nova Scotia
Symbol BNS
Shares Issued 1,237,342,057
Close 2024-10-01 C$ 73.53
Market Cap C$ 90,981,761,451
Recent Sedar Documents

Globe says Scotiabank makes multiple executive changes

2024-10-02 07:46 ET - In the News

The Globe and Mail reports in its Wednesday edition that less than five months since taking over Bank of Nova Scotia's investment banking and capital markets division, Travis Machen is reorganizing his senior leadership. The Globe's Jameson Berkow writes that Mr. Machen, who joined Scotiabank from Morgan Stanley in May, informed staff in an internal memo on Tuesday of multiple staffing changes. The new structure will result in a dozen senior managers reporting directly to him. Nicole Frew, previously Scotia's chief compliance officer, is now co-head of the division's U.S. operations. Mark Mulroney, who was previously vice-chair and head of the division's financial institutions and sponsors practice, becomes vice-chair of global banking and markets. Staff who previously reported to Mr. Mulroney will now report to corporate investment banking co-heads Dany Beauchemin and Jim Kelly on an interim basis. Michael Kruse, who previously led global corporate and investment banking on an interim basis and ran the division's U.S. operations, becomes global head of multinational banking. Scotiabank CEO Scott Thomson told staff in a memo that scaling the bank's U.S. platform is "crucial" to its strategic focus on North America.

© 2025 Canjex Publishing Ltd. All rights reserved.