TORONTO, March 9,
2023 /CNW/ - Scotiabank's Loretta
Marcoccia, Executive Vice President and Chief Operating Officer,
Global Banking and Markets (GBM), has been recognized in
the Report on Business Best Executive Awards for
outstanding executive leadership.
The annual Report on Business Best Executive Awards, established
in 2020, celebrates the noteworthy accomplishments of 50 non-CEO
executive leaders who have made an impact in five functional job
categories: Finance, Human Resources, Operations, Sales and
Marketing, and Technology.
"Loretta is a transformational leader in the financial industry
with a proven track record of identifying and driving solutions
aligned to business' priorities and opportunities," said
Scott Thomson, President and CEO,
Scotiabank. "On behalf of all Scotiabankers, I am proud to
congratulate Loretta on this well-deserved recognition."
Loretta was recognized for delivering critical
cross-functional modernization of the GBM business. Her leadership
of, among many projects: the implementation of the GBM cross-asset
e-trading strategy (ScotiaRED), building out the Client
Relationship Management program for the business, the oversight of
GBM global regulatory remediation and reform, and the design and
implementation of the post pandemic GBM business operating model
have contributed to the strength of the business platform and laid
the foundation for continued success.
A well-respected leader in the financial industry, Loretta is a
passionate advocate and dedicated inclusive leader. In 2022,
Loretta was recognized as a Women in Capital Markets (WCM)
Champions of Change for her ongoing efforts to advance diversity,
equity, and inclusion (DEI).
Scotiabank is a leading bank in the
Americas. Guided by our purpose: "for every future", we help our
customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of over 90,000 employees and assets of over
$1.3 trillion (as at January 31, 2023), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
For more information, please visit http://www.scotiabank.com and
follow us on Twitter @Scotiabank.