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Scotiabank’s new CEO creates two executive roles

Brian Porter is reorganizing responsibilities of some senior-level executives.

Fernando Morales/The Globe and Mail

The Bank of Nova Scotia's new chief executive officer Brian Porter has wasted little time in making changes near the top.

The bank said Monday that Barbara Mason will take on the roll of chief human resources officer at the country's third-largest bank. In this new role all communications and marketing teams will also report up to her.

"Given the increasing complexity in this area, we are creating a new role that dedicates additional senior-level talent to this priority," said Mr. Porter in a statement.

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He added that bringing communications, marketing and HR under one leader will help the bank understand how it can earn more business, trust and loyalty from customers.

Ms. Mason has been with the bank for 31 years and most recently spent a year as executive vice-president of global wealth management.

Global responsibility for all of Scotiabank's human resources functions was assigned to Sue Graham Parker in May of this year. She will stay in this role and add responsibility for corporate communications oversight to her job description.

The bank also created a new position for James O'Sullivan. He moves up to executive vice-president of global asset management as the bank seeks to increase its focus on the all-important wealth management market in Canada. He will report to Chris Hodgson, the head of global wealth and insurance.

Mr. O'Sullivan was previously the senior vice-president and CFO for Scotiabank's global wealth and insurance.

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About the Author
Financial Services Reporter

Jacqueline Nelson is a financial services reporter at the Report on Business. Prior to that she was a staff writer at Canadian Business magazine, covering news and writing features on a wide variety of subjects. More

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