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Scotiabank appoints Travis Machen to lead Global Banking and Markets business

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Scotiabank has appointed Travis Machen as the CEO and Group Head of its Global Banking and Markets business. Mr. Machen will focus on expanding product offerings and earning more primary clients to deliver sustainable and profitable growth for the bank's GBM business. With over 25 years of industry expertise, Mr. Machen has a track record of success in the financial industry.

La Scotiabank ha nominato Travis Machen come CEO e capo del gruppo della sua attività di Global Banking and Markets. Il signor Machen si concentrerà sull'ampliamento dell'offerta di prodotti e sull'acquisizione di nuovi clienti principali per garantire una crescita sostenibile e redditizia per il business GBM della banca. Con oltre 25 anni di esperienza nel settore, il signor Machen vanta un'ottima reputazione nell'industria finanziaria.
Scotiabank ha nombrado a Travis Machen como CEO y Jefe del Grupo de su negocio de Banca Global y Mercados. El señor Machen se enfocará en expandir la oferta de productos y en obtener más clientes principales para lograr un crecimiento sostenible y rentable para el negocio GBM del banco. Con más de 25 años de experiencia en la industria, el señor Machen tiene un historial comprobado de éxito en el sector financiero.
스코티아은행은 트래비스 마헨을 글로벌 뱅킹 및 마켓 사업의 CEO 겸 그룹 헤드로 임명했습니다. 마헨 씨는 제품 제공을 확대하고 더 많은 주요 고객을 확보하여 은행의 GBM 사업이 지속 가능하고 수익성 있는 성장을 이룰 수 있도록 집중할 예정입니다. 25년 이상의 업계 경험을 보유한 마헨 씨는 금융 산업에서 성공적인 이력을 가지고 있습니다.
La Banque Scotia a nommé Travis Machen comme PDG et chef de groupe de son activité de Banque Globale et Marchés. Monsieur Machen se concentrera sur l'élargissement de l'offre de produits et l'acquisition de nouveaux clients principaux afin de garantir une croissance durable et rentable pour l'activité GBM de la banque. Avec plus de 25 ans d'expertise dans le secteur, Monsieur Machen possède un bilan de succès dans l'industrie financière.
Die Scotiabank hat Travis Machen zum CEO und Gruppenleiter ihres Global Banking and Markets Geschäftsbereichs ernannt. Herr Machen wird sich auf die Erweiterung des Produktangebots konzentrieren und mehr Hauptkunden gewinnen, um ein nachhaltiges und profitables Wachstum für das GBM-Geschäft der Bank zu sichern. Mit über 25 Jahren Branchenerfahrung hat Herr Machen eine erfolgreiche Laufbahn in der Finanzindustrie.
Positive
  • Travis Machen's appointment as CEO and Group Head of Scotiabank's Global Banking and Markets business brings a new experienced leader to drive growth and expansion.

  • Mr. Machen's reputation as a client-focused relationship banker indicates a strong focus on customer satisfaction and building strong client relationships.

  • Mr. Machen's deep knowledge of the financial industry regulatory landscape and his experience in advisory services to global financial institutions position him well to lead Scotiabank's GBM business.

Negative
  • None.

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

Bank of Nova Scotia

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