22:07:53 EST Wed 20 Nov 2019
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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,225,984,487
Close 2019-04-22 C$ 72.60
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Globe says Nat Bank loses talent to CIBC, Scotiabank

2019-04-23 07:56 ET - In the News

See In the News (C-NA) National Bank of Canada

The Globe and Mail reports in its Tuesday, April 23, edition that unnamed sources say two key members of National Bank of Canada's technology banking group are leaving to join rivals. The Globe's James Bradshaw writes that investment banker Brent Layton is leaving his post as National Bank's managing director of technology, media, telecom, health care and sustainability banking. He will soon join Canadian Imperial Bank of Commerce as managing director of technology and innovation for the bank's capital markets arm. David Rozin, who has been National Bank's associate vice-president of technology banking for Ontario, will decamp to Bank of Nova Scotia, where he will take on a senior role in technology and innovation, working with the commercial banking division. The Globe says spokesmen for National Bank, Scotiabank and CIBC declined to comment. Banks have shown renewed interest in the tech sector and begun to pump more capital into burgeoning Canadian companies that have, at times, been underserved by Canada's major lenders, leaving some of them short on options to secure financing. Most notably, CIBC has rapidly increased its lending to early-stage tech companies through its CIBC Innovation Banking unit.

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