Scotiabank hires RBC exec as group head for global wealth management business

Jacqui Allard will become group head as Glen Gowland takes vice-chair role in 2024

Scotiabank hires RBC exec as group head for global wealth management business
Steve Randall

Scotiabank Global Wealth Management has announced some leadership changes with Glen Gowland, group head, is promoted to vice-chair to be succeeded by new hire Jacqui Allard.

The changes take place from January 1, 2024, with Gowland’s new role recognizing the important part he had played in the growth of the big six bank’s global asset management and advisory businesses since joining Scotiabank in 2000.

"Glen is an exceptional business leader and is deeply committed to the success of Scotiabank," said Scott Thomson, President and CEO, Scotiabank. “He also oversaw the addition and integration of both Jarislowsky, Fraser Limited and MD Financial Management Inc. to our operations, bolstering our wealth management capabilities in Canada and across our footprint."

Gowland will be succeeded by former RBC executive Jacqui Allard who will join the firm on September 1, 2023, as deputy head, Global Wealth Management, before assuming the group head role on January 1, 2024.

Dynamic leader

At RBC she was mostly recently EVP of Personal Financing Products in the Personal & Commercial Banking business but has 30 years of industry experience at various financial services businesses including Head of Wealth Management Solutions and Client Experience at RBC, head of Operations and CIO for the global investment division for Manulife Financial, and, president of Manulife Asset Management Canada and Global Chief Operations Officer.

“Jacqui is a dynamic leader with an impressive background in driving growth and building operating models that deliver scale and exceptional client experiences,” added Thomson. “I am confident that Jacqui will build on the great momentum Glen has created for our Global Wealth Management business as we look to continue to grow in Canada and across our core markets."