Scotiabank announced today the appointment of Travis Machen as the CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024. In this new role, Mr. Machen will lead the strategic direction of Scotiabank's global banking business, focusing on expanding product offerings and attracting more primary clients to drive sustainable growth.

Scott Thomson, President and CEO of Scotiabank, expressed confidence in Machen, stating, "Travis is a forward-thinking leader with the vision and experience to lead our Global Banking and Markets business." Thomson highlighted Machen's reputation as a client-focused relationship banker and his extensive experience in corporate, investment, and commercial banking.

Travis Machen, who brings over 25 years of industry expertise to Scotiabank, expressed his excitement about joining the team, saying, "I am delighted to join Scotiabank and the Global Banking and Markets team." Machen emphasized the potential for growth within Scotiabank's global wholesale banking business and the unique positioning of the bank across various markets.

Machen's professional background includes roles as Managing Director at Morgan Stanley and JPMorgan Chase, where he provided advisory services to global financial institution clients and successfully executed M&A mandates. He is also a member of the Financial Sector Advisory Council for the Federal Reserve Bank of Dallas.

Scotiabank's overarching vision is to be the most trusted financial partner for its clients, delivering sustainable growth and maximizing shareholder return. With assets totaling approximately $1.4 trillion, Scotiabank offers a wide range of financial services, including personal and commercial banking, wealth management, and capital markets.

Mr. Machen will be based in New York and Toronto, leading the GBM team to capitalize on Scotiabank's global presence and deliver on the bank's growth potential.