TORONTO, April 29,
2024 /PRNewswire/ - Scotiabank today announced
that Travis Machen has been appointed CEO and Group Head
of its Global Banking and Markets (GBM) business, effective
May 6, 2024.
In this role, Mr. Machen will be responsible for leading
the execution of a global banking business strategy that builds on
Scotiabank's unique North American reach and GBM's strategic
presence in Latin America,
Europe and Asia Pacific. He will focus on expanding
product offerings and earning more primary clients to deliver
sustainable and profitable growth for the Bank's GBM business which
provides corporate clients with lending and transaction services,
investment banking advice and access to capital markets in 20+
countries. The business serves clients across Canada, the United
States and Latin America
with a strategic presence in Europe and Asia-Pacific.
"Travis is a forward-thinking leader with the vision and
experience to lead our Global Banking and Markets business," said
Scott Thomson, President and CEO,
Scotiabank. "Throughout his career in corporate, investment and
commercial banking, Travis has earned a reputation for being a
client-focused relationship banker. I am confident in his ability
to build our business across our key markets, and to execute on our
strategy for our clients, our Bank and our shareholders."
Mr. Machen brings more than 25 years of industry expertise to
his new role at Scotiabank. He was most recently Managing
Director and Head of Banks, Diversified and Financial
Infrastructure at Morgan Stanley, and previously, Managing Director
and Group Head, Financial Institutions Group, Corporate and
Commercial Banking at JPMorgan Chase where he provided expertise
and advisory services to global financial institution clients. Mr.
Machen also has a significant track record of successfully
executing on M&A advisory mandates. Mr. Machen brings deep
knowledge of the financial industry regulatory landscape and is a
member of the Financial Sector Advisory Council for the Federal
Reserve Bank of Dallas. He will be
based in New York and Toronto.
"I am delighted to join Scotiabank and the Global Banking and
Markets team," said Mr. Machen. "I have been impressed by the scale
and capabilities of Scotiabank's global wholesale banking business
and see the opportunity to capitalize on our unique positioning
throughout the North American corridor and across our footprint. I
look forward to working with the full GBM team to deliver on the
Bank's vast potential."
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, their families and their communities
achieve success through a broad range of advice, products and
services, including personal and commercial banking, wealth
management and private banking, corporate and investment banking,
and capital markets. With assets of approximately $1.4
trillion (as at January 31, 2024), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on X
@Scotiabank.
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SOURCE Scotiabank