Nov 2009 Financial News

Scotia restructures

Nov 11, 2009

Scotiabank Jamaica has cut two senior executives and made several changes within its management team as part of efforts, it said, to achieve greater efficiencies in "certain specific areas of the bank's operations".

In a release to the Jamaica Stock Exchange yesterday, Scotia announced that the positions of senior vice president, general counsel & company secretary, previously held by Kerri-Gaye Brown and vice president, electronic financial services and retail banking, previously held by Elena Villafana-Sylvester, were made redundant effective November 4.

"Consequently, Keri-Gaye Brown and Mrs Villafana-Sylvester are no longer senior officers and employees of the bank as at that date," the company said in the statement.

Two other employees affected by the restructuring, Maya Walrond and Rosemarie Pilliner, were more fortunate. Walrond, who previously held the post of senior vice president customer experience and technology innovation was appointed senior vice president non-branch sales and service, effective November 6. Also effective on that date, Pilliner, who previously held the post of executive vice president shared services and operations began her new role as executive vice president shared services and operations - Northern Caribbean Hub Scotiabank.

Scotia also announced that Julie Thompson-James was appointed to the position of vice president, senior legal counsel effective November 4, and in that capacity will serve as chief compliance officer of the firm.


Source:
Jamaica Observer
Wednesday, November 11, 2009

http://www.jamaicaobserver.com/magazines/Business/html/20091110T210000-0500_163564_OBS_SCOTIA_RESTRUCTURES_.asp