The Globe and Mail reports in its Friday edition that Bank of Nova Scotia's brokerage business is shaking up its leadership. The Globe's Clare O'Hara writes that Craig Gilchrist, chief investment officer at Scotia Wealth Management, was named interim head of ScotiaMcLeod Inc., the bank's brokerage division. Mr. Gilchrist has been with the bank for about a decade.
His appointment follows the departure of Rob Djurfeldt, who was managing director and head of ScotiaMcLeod. The leadership change was announced in an internal memo on Wednesday. Mr. Djurfeldt joined the bank over 28 years ago as a wealth adviser in London, Ont. During his tenure, he moved into various branch manager and director roles, including time in Mexico City with the bank's international wealth management division. He became the head of ScotiaMcLeod in 2015, replacing Alex Besharat, who was appointed as Scotiabank's head of Canadian wealth management.
Earlier this month, Scotiabank announced plans to restructure its wealth-management division. As part of that overhaul, the bank will separate its wealth-management results, which are currently reported as part of its Canadian banking arm, as a separate business line called global wealth management.
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