(Reuters) – Bank of Nova Scotia said on Thursday it appointed former ING Group executive Aris Bogdaneris as group head of its Canadian banking segment, effective Nov. 3.
Bogdaneris will join Canada’s fourth largest bank after heading Amsterdam-based ING Group’s retail banking unit for more than seven years.
He will replace Dan Rees, who is leaving Scotiabank to pursue other opportunities, the bank said in a statement.
The appointment comes at a time when Scotiabank is strengthening its ambitions in Canada to earn more primary clients and accelerate profitable and sustainable growth, according to the company statement.
The Toronto-listed bank said last month it plans to cut about 3% of its workforce globally, as multiple Canadian banks take cost-cutting steps in a challenging environment.
(Reporting by Gnaneshwar Rajan; Editing by Subhranshu Sahu)
