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Scotiabank appoints Pablo Elek as CEO of Mexico unit

Scotiabank has appointed Pablo Elek, previously a top executive at HSBC's Mexico unit, as CEO of its Mexican operations, effective May 15. This move aligns with the bank's strategy to focus on North America, as it shifts capital away from Latin America, including the transfer of operations in Colombia, Costa Rica, and Panama to Banco Davivienda. CEO Scott Thomson noted that while the bank is cautious about U.S. tariffs, it remains committed to its North American corridor strategy.
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Mexican Peso Canadian Dollar United States Dollar Banco Santander SA Banco Davivienda SA HSBC Holdings plc MEX CAN PAN CRI COL USA Scott Thomson Pablo Elek Hansberg Michael O'boyle Adrian Otero Show more
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13:07 26.03.2025
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