Scotiabank Appoints New Chief Risk Officer in Management Reshuffle
Scotiabank has announced significant changes within its leadership team as part of an ongoing strategic turnaround. These adjustments primarily affect the bank’s risk and strategy departments, aimed at enhancing operational effectiveness and client experience.
Key Leadership Changes at Scotiabank
Phil Thomas has transitioned from his position as chief risk officer to group head and chief strategy and operating officer. He has been with Scotiabank since 1997, holding various roles in retail banking and risk management. In his new role, Thomas will focus on client experience and advancements in artificial intelligence, as well as overseeing essential corporate functions.
Promotions and New Appointments
- Shannon McGinnis: The deputy chief risk officer has been elevated to chief risk officer, marking a significant milestone as she becomes the first woman to hold this position at Scotiabank. McGinnis previously held the title of executive vice-president of non-financial risk management at Toronto-Dominion Bank.
- Anique Asher: The former chief strategy and operating officer will now lead the bank’s real estate secured lending division as executive vice-president. Asher has been with Scotiabank since 2018 and has a strong background from her previous roles at Manulife and PwC.
- Tracy Gomes: The senior vice-president of real estate secured lending has been promoted to executive vice-president and chief risk officer of Canadian banking, global wealth management, and credit risk.
- Meigan Terry: Appointed as executive vice-president and chief global corporate and public affairs officer, she will now oversee global government affairs in addition to her corporate affairs and sustainability duties.
These leadership changes are intended to strengthen Scotiabank’s commitment to innovation and improved service delivery as it adapts to the evolving banking landscape in Canada.
