(Reuters) - Bank of Nova Scotia said on Thursday it appointed former ING Group (NYSE:ING) executive Aris Bogdaneris as group head of its Canadian banking segment, effective Nov. 3.
Bogdaneris will join Canada's fourth largest bank after heading Amsterdam-based ING Group's retail banking unit for more than seven years.
He will replace Dan Rees, who is leaving Scotiabank to pursue other opportunities, the bank said in a statement.
The appointment comes at a time when Scotiabank is strengthening its ambitions in Canada to earn more primary clients and accelerate profitable and sustainable growth, according to the company statement.
The Toronto-listed bank said last month it plans to cut about 3% of its workforce globally, as multiple Canadian banks take cost-cutting steps in a challenging environment.