Dieter Jentsch announces retirement from Scotiabank

TORONTO, Nov. 30, 2018 /CNW/ - Scotiabank today announced that Jake Lawrence and James Neate will be appointed as Co-Group Heads to lead Scotiabank's Global Banking and Markets division. 

These appointments will be effective December 1, 2018, in conjunction with the retirement of Dieter Jentsch, Group Head, Global Banking and Markets.  Dieter will remain with the Bank into January 2019 as a strategic advisor and to facilitate transition.

"On behalf of Scotiabank, I want to thank Dieter for his many contributions and years of service," said Brian Porter, President and Chief Executive Officer, Scotiabank. "His leadership in building a better Bank in multiple businesses over his career will have a lasting impact."

As Co-Group Heads of Global Banking and Markets, Jake Lawrence and James Neate will be responsible for the creation of a unified growth strategy and global connectivity of customer activities as well as building market share and profitability of the business. Jake will also continue to lead Global Banking and Markets, U.S.

"These appointments are a reflection of the depth of talent we have on our executive team," said Mr. Porter. "Under their joint leadership, Jake and James have the experience and skills to execute on our long-term strategy, strengthening Global Banking and Markets' position in Canadian and International Markets." 

James Neate was appointed to Global Head, Corporate & Investment Banking in November 2018. James is a strategic leader with extensive experience across the Bank, most recently Executive Vice President of International Corporate and Commercial Banking.

Jake Lawrence was appointed as Executive Vice President, Global Banking and Markets U.S. in May 2018 with responsibility for strengthening Scotiabank's U.S. operations.  He has deep expertise and knowledge in banking having held the positions of Senior Vice President, Deputy Treasurer and Senior Vice President, Investor Relations.

SOURCE Scotiabank