Scotiabank appointed Travis Machen CEO and group head of its global banking and markets (GBM) business, effective May 6. In this role, Machen will be responsible for leading the execution of a global banking business strategy, building on Scotiabank’s North American reach and global banking and markets presence in Latin America, Europe and the Asia Pacific region. Machen will focus on expanding product offerings and earning more primary clients to deliver growth for the bank’s GBM business, which provides corporate clients with lending and transaction services, investment banking advice and access to capital markets in more than 20 countries. The business serves clients across Canada, the U.S. and Latin America with a presence in Europe and the Asia-Pacific region.
“Travis is a forward-thinking leader with the vision and experience to lead our global banking and markets business,” Scott Thomson, president and CEO of Scotiabank, said. “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. He was most recently managing director and head of banks and diversified and financial infrastructure at Morgan Stanley. Prior to that, he was managing director and group head of the financial institutions group for corporate and commercial banking at JPMorgan Chase, where he provided expertise and advisory services to global financial institution clients. Machen also has a track record of executing on M&A advisory mandates.
Machen also has knowledge of the financial industry regulatory landscape and is a member of the Financial Sector Advisory Council for the Federal Reserve Bank of Dallas. He will be based in New York and Toronto.
“I am delighted to join Scotiabank and the Global Banking and Markets team,” Machen said. “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.”
