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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.
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 comes as the bank shifts its focus towards North America, having already transferred operations in Colombia, Costa Rica, and Panama to Banco Davivienda. Scotiabank's capital strategy reflects a significant emphasis on the U.S. and Canada, with Mexico contributing less than 10% to its earnings.
Scotiabank has appointed Pablo Elek as the new CEO of its Mexican unit, effective May 15. Elek, previously a top executive at HSBC's Mexico operations and with experience at Banco Santander, replaces Adrian Otero as the bank shifts its focus towards North America.
Pablo Elek Hansberg
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Scotiabank appoints Pablo Elek as CEO of Mexico unit
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13:07 26.03.2025
Scotiabank appoints Pablo Elek as CEO of Mexico unit
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21:45 25.03.2025
Scotiabank appoints Pablo Elek as CEO of Mexico unit
18:00 25.03.2025
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