The appointment will take effect in September 2024. The new country head has experience in large retail and wealth management companies in emerging markets.

Scotiabank today announced the appointment of Sebastián Arcuri as Executive Vice President and Country Head of Scotiabank Peru as of September 2024, once the corresponding immigration procedures have been completed. Arcuri has a recognized international career through numerous high-level positions in Latin America and Asia. In his new role he will report to Francisco Aristeguieta, Group Head of International Banking at Scotiabank.

"For almost 20 years we have built a powerful franchise in Peru, ranking third in the banking system. Our bank has established a highly valued brand serving an extraordinary customer base, led by an exceptionally talented team," said Francisco Aristeguieta, Group Head of International Banking at Scotiabank. "Connectivity across our international presence is critical to the success of our new strategy, and Peru plays a key role in achieving this goal. Looking ahead, we couldn't be more excited about the opportunity to capture incremental share." in the target segments through value propositions focused on our clients, innovative solutions and excellent service under Sebastián's leadership.

Arcuri's track record includes leadership in the profitable growth of large retail and wealth management companies in emerging markets, coupled with deep knowledge in the implementation of innovations in the field of fintechs . As a results-oriented leader, Sebastián has consistently demonstrated his ability to build and empower high-performance teams, which positions him as the best talent to strategically lead efforts to increase our growth, connectivity and customer focus, in all of our operations. priority segments.

Phil Seymour, who has been serving as Interim Country Head , will return to Canada after a transition period to take on a new role in our head office.

"On behalf of the Board of Directors of Scotiabank Peru, I thank Phil Seymour for his remarkable leadership and commitment during this transition," said Gianfranco Castagnola, Chairman of the Board of Directors of Scotiabank Peru. "We are pleased to welcome Sebastián Arcuri to Scotiabank. Given his proven track record and strong focus on customer and employee experience, we trust Sebastián to lead and achieve the planned results for Scotiabank in Peru."