04:32 PM EDT, 04/29/2024 (MT Newswires) -- Scotiabank (BNS.TO) said Travis Machen has been appointed to chief executive and Group Head of its Global Banking and Markets (GBM) business, effective May 6..

Machen will be responsible for leading the execution of a global banking business strategy that builds on Scotiabank's North American reach and GBM's strategic presence in Latin America, Europe and Asia Pacific. He will focus on expanding product offerings and earning more primary clients to deliver sustainable and profitable growth for the bank's GBM business.

"Travis is a forward-thinking leader with the vision and experience to lead our Global Banking and Markets business," said Scotiabank chief executive Scott Thomson, in a statement. "Throughout his career in corporate, investment and commercial banking, Travis has earned a reputation for being a client-focused relationship banker. I am confident in his ability to build our business across our key markets, and to execute on our strategy for our clients, our bank and our shareholders."

Machen brings more than 25 years of industry expertise to his new role at Scotiabank.

"I am delighted to join Scotiabank and the Global Banking and Markets team," said Machen. "I have been impressed by the scale and capabilities of Scotiabank's global wholesale banking business and see the opportunity to capitalize on our unique positioning throughout the North American corridor and across our footprint. I look forward to working with the full GBM team to deliver on the Bank's vast potential."