Scotiabank’s Lawrence to Exit for CFO Role at Desmarais Firm
- He will replace Gregory Tretiak at Power Corp. of Canada
- Michael Kruse, Paul Scurfield to run capital-markets business
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Bank of Nova Scotia said Jake Lawrence is leaving his role as chief executive officer of the lender’s capital-markets business to take a senior role at the Desmarais family’s holding company.
Lawrence will become executive vice president and chief financial officer of Power Corp. of Canada, according to a statement from the insurance and investment empire that’s controlled by the billionaire Quebec clan. He’s replacing Gregory Tretiak, who joined the firm in 2012 as CFO and had recently been on health leave. Lawrence, who’s been at Scotiabank since 2002, has been group head of global banking and markets for three years.