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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,227,821,621
Close 2018-11-30 C$ 72.30
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Scotiabank appoints Lawrence, Neate as co-group heads

2018-11-30 09:17 ET - News Release

Mr. Brian Porter reports

JAKE LAWRENCE AND JAMES NEATE APPOINTED TO LEAD SCOTIABANK'S GLOBAL BANKING AND MARKETS BUSINESS

Bank of Nova Scotia has appointed Jake Lawrence and James Neate as co-group heads to lead Scotiabank's global banking and markets division.

These appointments will be effective on Dec. 1, 2018, in conjunction with the retirement of Dieter Jentsch, group head of global banking and markets. Mr. Jentsch will remain with the bank into January, 2019, as a strategic adviser and to facilitate transition.

"On behalf of Scotiabank, I want to thank Dieter for his many contributions and years of service," commented Brian Porter, president and chief executive officer of Scotiabank. "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, Mr. Lawrence and Mr. Neate will be responsible for the creation of a unified growth strategy and global connectivity of customer activities, as well as building the business's market share and profitability. Mr. Lawrence will also continue to lead global banking and markets, United States.

"These appointments are a reflection of the depth of talent we have on our executive team," commented Mr. Porter. "Under their joint leadership, Jake and James have the experience and skills to execute on our long-term strategy, strengthening global banking and markets' position in Canadian and international markets."

Mr. Neate was appointed to global head of corporate and investment banking in November, 2018. Mr. Neate is a strategic leader with extensive experience across the bank, most recently as executive vice-president of international corporate and commercial banking.

Mr. Lawrence was appointed as executive vice-president of U.S. global banking and markets in May, 2018, with responsibility for strengthening Scotiabank's U.S. operations. Mr. Lawrence has deep expertise and knowledge in banking, having held the positions of senior vice-president, deputy treasurer and senior vice-president of investor relations.

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