Bank of Nova Scotia's Top Investment Banker Durland to Depart

  • International head Jentsch to move to global markets business
  • Deschamps will become head of international banking, firm says

Bank of Nova Scotia’s top investment banker, Mike Durland, is departing after 23 years at the lender, resulting in a management shuffle at its international unit.

“Mike has made a personal decision to pursue his lifelong interest in academia, community-building, and a focus on entrepreneurship, innovation and technology," the Toronto-based bank said Wednesday in a statement. Durland is 51.

Durland’s position as group head of global banking and markets will be filled within the next few months by Dieter Jentsch, 56, who currently oversees international banking, according to the statement. Scotiabank, Canada’s third-largest lender by assets, has operations in more than 55 countries, including nations in Latin America, the Caribbean and Asia.

Ignacio ‘Nacho’ Deschamps, 53, who joined Scotiabank in January as a strategic adviser to the chief executive officer for global digital banking, will become group head of international banking and digital transformation, the firm said. In his 30-year banking career, he’s worked at the Inter-American Development Bank, Banco Nacional de Comercio Exterior SNC and Banco Bilbao Vizcaya Argentaria SA.

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