TORONTO, March 9, 2023 /CNW/ - Scotiabank's Loretta Marcoccia, Executive Vice President and Chief Operating Officer, Global Banking and Markets (GBM), has been recognized in the Report on Business Best Executive Awards for outstanding executive leadership.

The annual Report on Business Best Executive Awards, established in 2020, celebrates the noteworthy accomplishments of 50 non-CEO executive leaders who have made an impact in five functional job categories: Finance, Human Resources, Operations, Sales and Marketing, and Technology.

"Loretta is a transformational leader in the financial industry with a proven track record of identifying and driving solutions aligned to business' priorities and opportunities," said Scott Thomson, President and CEO, Scotiabank. "On behalf of all Scotiabankers, I am proud to congratulate Loretta on this well-deserved recognition."

Loretta was recognized for delivering critical cross-functional modernization of the GBM business. Her leadership of, among many projects: the implementation of GBM digital solutions including the cross-asset e-trading strategy, building out the Client Relationship Management program for the business, the oversight of GBM global regulatory remediation and reform, and the design and implementation of the post pandemic GBM business operating model have contributed to the strength of the business platform and laid the foundation for continued success.

A well-respected leader in the financial industry, Loretta is a passionate advocate and dedicated inclusive leader. In 2022, Loretta was recognized as a Women in Capital Markets (WCM) Champions of Change for her ongoing efforts to advance diversity, equity, and inclusion (DEI).

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of over 90,000 employees and assets of over $1.3 trillion (as at January 31, 2023), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).

For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

SOURCE Scotiabank