Business
Scotiabank announces departure of Jake Lawrence; Paul Scurfield and Michael Kruse take on expanded roles
Scotiabank announces departure of Jake Lawrence; Paul Scurfield and Michael Kruse take on expande...
About this update from Bank Of Nova Scotia
[{"type":"text","content":"\n \n \n \n Scotiabank announces departure of Jake Lawrence; Paul Scurfield and Michael Kruse take on expanded roles\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 14, 2024\n \n \n /CNW/ - Scotiabank announced today that\n \n Jake Lawrence\n \n , Chief Executive Officer and Group Head, Global Banking and Markets, has made the decision to leave the Bank to join Power Corporation of\n \n Canada\n \n . Mr. Lawrence joined Scotiabank in 2002, and has held progressively senior roles in Finance, Treasury and Global Banking and Markets, most recently leading the Bank's wholesale banking and capital markets business.\n \n \n \n \n \n \n \n \n \n \"I would like to thank Jake for his significant contributions over his impressive 22-year career with Scotiabank and wish him every success as he joins another storied Canadian institution. Under Jake's leadership of the Global Banking and Markets business, we have strengthened our brand and prioritized alignment in our key markets, building out our presence in the U.S. and positioning this business well for future growth,\" said\n \n Scott Thomson\n \n , President and Chief Executive Officer for Scotiabank. \"Among his many contributions, Jake has built a talented team that is strongly positioned to deliver against our strategy for sustainable and profitable growth across our priority markets.\"\n \n \n The Bank recently announced the appointment of\n \n Paul Scurfield\n \n to Global Head, Capital Markets, Global Banking and Markets, and\n \n Michael Kruse\n \n now takes on the role of Interim Global Head, Corporate and Investment Banking, Global Banking and Markets. Mr. Scurfield and Mr. Kruse will report directly to\n \n Scott Thomson\n \n , President and Chief Executive Officer, effective immediately, as Mr. Lawrence moves into the role of Strategic Advisor ahead of leaving the Bank on\n \n March 15, 2024\n \n .\n \n \n Mr. Scurfield joined Scotiabank in 2019 with 20 years of capital markets experience at Bank of America in the U.S. Most recently, h...