Scotiabank hires Machen to run global banking


Machen’s appointment is the latest development in a string of executive changes at the bank. — Bloomberg

NEW YORK: Travis Machen is joining Bank of Nova Scotia from Morgan Stanley to lead its global banking and markets business.

Machen, who is set to start on May 6, will replace Jake Lawrence, who left the bank in March to become chief financial officer of Power Corp of Canada, according to a statement on Monday, confirming an earlier Bloomberg News report.

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