Jake Lawrence and James Neate will be appointed as co-group heads to lead Scotiabank’s global banking and markets division, Bank of Nova Scotia announced Friday.
The appointments will be effective Dec.1, 2018, in conjunction with the retirement of Dieter Jentsch, group head, global banking and markets. Jentsch will remain with the bank into January 2019 as a strategic advisor and to facilitate transition, the bank says in a news release.
“On behalf of Scotiabank, I want to thank Dieter for his many contributions and years of service,” says Brian Porter, president and CEO, in a statement. “His leadership in building a better bank in multiple businesses over his career will have a lasting impact.”
As co-group heads of global banking and markets, Lawrence and Neate will be responsible for the creation of a unified growth strategy and global connectivity of customer activities as well as building market share and profitability of the business. Lawrence will also continue to lead global banking and markets U.S.
Neate was appointed to global head, corporate and jnvestment banking in November 2018.
Lawrence was appointed as executive vice president, global banking and markets U.S. in May 2018 with responsibility for strengthening Scotiabank’s U.S. operations.