Montreal-based National Bank of Canada has appointed Ricardo Pascoe to the new position of chief transformation officer. Pascoe, who was most recently the bank’s executive vice president of financial markets, has also been named executive vice president in the firm’s strategic initiatives office.
“The newly created function of chief transformation officer will ensure our projects are integrated even more effectively at a time of rapid change, both in our industry and those of our clients,” says Louis Vachon, president and CEO of National Bank, in a statement on Wednesday. “Ricardo has been an excellent leader during his 13 years at the bank, making him the ideal candidate for this mandate.”
Pascoe joined National Bank in 2003 as senior vice president of treasury and financial markets and was appointed executive vice president of financial markets in 2008. The bank’s investment banking arm has seen strong growth in its activities under Pascoe’s leadership, according to the firm’s announcement.
Denis Girouard, most recently deputy head of financial markets and co-head and managing director of fixed-income, succeeds Pascoe as executive vice president of financial markets.
Girouard has 28 years of experience in the financial services sector and in-depth knowledge of National Bank’s financial markets office, states the firm’s announcement, which also notes that the bank has positioned itself as a leader in government financing in Canada under Girouard’s stewardship.
Pascoe and Girouard report to Vachon and are currently active in their new roles.
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