When Scotiabank’s long-serving chief executive Brian Porter stepped down at the end of January 2023, after 10 years at the helm and more than 40 years at the bank, he left an institution that was in better shape than he found it, but one that still had much to do.
With the fresh perspective of an outsider, Scotiabank’s new chief executive, Scott Thomson, has seized the opportunity for a strategic overhaul and is making excellent progress, not least in transforming how the bank thinks about capital allocation.
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