Big player announces major shake-up

Big player announces major shake-up

Big player announces major shake-up

Alex Besharat, a one-time Vancouver Opera chairman, has been appointed managing director and head of ScotiaMcLeod Full Service Brokerage, effective  January 1, 2014, replacing Hamish Angus who will be retiring at year-end 2013, a Scotiabank spokeswoman confirmed.

Besharat had been director and the western regional manager for the brokerage based out of Vancouver, a role that was also held by Angus prior to his ascent to the top role.

Angus joined ScotiaMcLeod in 1986 as an investment executive in Vancouver. Prior to his appointment to the Toronto-based lead role, he was managing director and western regional manager.

Angus’ retirement is part of a major, but well-plotted, shakeup of senior roles at Scotiabank. Chief executive Rich Waugh announced earlier this year that he will step down as CEO on November 1, after a decade running the bank. He will be replaced by Brian Porter, the bank’s current president and former head of international banking.

1 Comments
  • philippe m martin 2013-09-16 9:58:27 AM
    since the de-mutualization of insurance companies in canada, Many insurance company close they services center, were agents could trained and reciveve at least a supervision, and financing. insurance agent today have to do the selling , learning, take the expenses, and deal with managing general agent.Not to many left in canada. those mga, who inherrited the service asset of mostly all companies are paid by carriers, Mga are ex Vice P resident , or administration people from the original friends of friends in the industy.than bank start selling and buying insurance companies, credit union and caisse populaire offering wealth management ,and specialize retirement planning ,but with the caisse populaire insurance company only.so the independant agents have to sell in his carrer and have the local banks, caisse populaire ,credit union ,even charttered accounting fims to compete with.the new regulators are eying the base commisssions for advisors travelling day and night to offer clients services of their needs,solution,planning. I am still with advocis canada, but many chapters are now closed, and cannot communicate in french .So those who are the IN of this industry have it all.and the lonely independant 70% of the work force as it very hard. thanks to our federal politicians amd provincials. AH! canadian tire sells insurance, sears, sobeys,anyone company that is in tire ,food, ect. have a good carreer,same carriers provide the risk for them.philippe
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