TORONTO, April 10,
2023 /PRNewswire/ - Scotiabank announced today that
it has appointed Francisco
Aristeguieta to the role of Group Head, International
Banking, effective May 1, 2023. Mr.
Aristeguieta will become a part of the executive management team,
with responsibility for the Bank's International Banking business
line.
Mr. Aristeguieta is a seasoned global banking leader with more
than 30 years of international banking experience with major global
financial services organizations in a wide range of markets
including Latin America,
North America, Asia, Europe
and the Middle East. He has
significant senior leadership experience leading country operations
and overseeing business lines that stretch across Latin America and other international markets.
Most recently, Mr. Aristeguieta was responsible for the strategic
repositioning of the Asset Servicing business globally of a major
financial institution with operations in the U.S., Europe, Asia,
the Middle East and Latin America.
"Francisco is a seasoned transformational leader with a proven
track record of delivering results, leading multiple business
segments for major financial services organizations across global
markets, including Latin America,"
said Scott Thomson, President and
CEO of Scotiabank. "He will bring his experience and leadership to
help us drive engagement and deliver for our customers in our
international markets. As we look to refresh our strategy this
year, Francisco will be a strong complement to our leadership team
and will play a central role in helping us deliver long-term
profitable and sustainable growth for our shareholders."
In addition, Ignacio "Nacho" Deschamps has announced his
intention to retire from Scotiabank at the end of April. Mr.
Deschamps joined Scotiabank in 2016, playing an integral role
leading the Bank's International Banking business line and digital
transformation efforts across its global footprint.
"Nacho is an outstanding global banker with a deep knowledge of
Latin America. During his time
with the Bank, he reshaped our international footprint, led our
international markets through a pandemic, and built a highly
competitive banking franchise in our key markets. Nacho also led
the Bank through an enterprise-wide digital journey, inspiring the
team to deliver and scale digital solutions across our footprint to
enhance our employee and customer experiences," continued Mr.
Thomson. "I would like to thank Nacho for his leadership and many
contributions, which have helped us become a more customer-focused,
digitally driven organization."
"It has been a tremendous privilege working with this Winning
Team of Scotiabankers over the past seven years as we drove our
digital banking leadership and improved our employee and customer
experiences," said Nacho Deschamps, Group Head, International
Banking and Digital Transformation for Scotiabank. "I've been
inspired by the dedication and winning passion of our leaders and
teams across Chile, Mexico, Peru,
Colombia, the English Caribbean,
and the rest of our markets, to build the best bank for our
communities and countries, today and for every future. I am highly
optimistic about the Bank under Scott's leadership and wish him and
Francisco great success in this next phase of the Bank's
journey."
Francisco Aristeguieta Career Highlights:
- As CEO of Institutional Services at State Street, Mr.
Aristeguieta managed over 85% of the revenue of the bank worldwide,
having led the strategic repositioning of the Asset Servicing
business globally, moving from an operations centric to a client
centric approach.
- At Citigroup, Mr. Aristeguieta worked on both the consumer and
institutional sides of the business, having led the Latin America and Asia Pacific regions; businesses with more
than $15 billion in revenue.
- During Mr. Aristeguieta's 25-year career at Citigroup, he drove
the market-leading digitization of the cards, retail and wealth
management businesses in Asia and
the Middle East. He also led the
Global Transaction Services Group in Latin America and Mexico, and drove successful change and
transformation across most markets in the region, leading to
improved efficiency and sustainable revenue growth.
About Scotiabank
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
(NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@Scotiabank.
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SOURCE Scotiabank
