New leader joins the firm from Morgan Stanley
Scotiabank has hired a new CEO and group head for its Global Banking and Markets business.
Travis Machen will join the firm on May 6 with more than a quarter of a century of industry experience, most recently at Morgan Stanley where he was managing director and head of Banks, Diversified and Financial Infrastructure.
Machen’s career also included a role advising global financial institutions as managing director and group head of the Financial Institutions Group, Corporate and Commercial Banking at JPMorgan Chase.
At Scotiabank, where he will divide his time between Toronto and New York, he will lead execution of the firm’s global banking strategy across Canada, the United States and Latin America with a strategic presence in Europe and Asia-Pacific.
"I am delighted to join Scotiabank and the Global Banking and Markets team," said Mr. Machen. "I have been impressed by the scale and capabilities of Scotiabank's global wholesale banking business and see the opportunity to capitalize on our unique positioning throughout the North American corridor and across our footprint. I look forward to working with the full GBM team to deliver on the Bank's vast potential."
The business’ services include investment services, investment banking advice, access to capital markets, and lending and transaction services for corporate clients. Machen will focus on expanding the reach of this business.
"Travis is a forward-thinking leader with the vision and experience to lead our Global Banking and Markets business," said Scott Thomson, President and CEO, Scotiabank. "Throughout his career in corporate, investment and commercial banking, Travis has earned a reputation for being a client-focused relationship banker. I am confident in his ability to build our business across our key markets, and to execute on our strategy for our clients, our Bank and our shareholders."
